News
 
India Infoline Weekly Newsletter - May 25, 2012
India Infoline News Service/18:41,May 25, 2012
Whether UPA II manages to improve its scorecard in the remaining two years of its term is anybody’s guess. Things have not exactly been rosy for the Congress-led regime, and the biggest victim of the policy paralysis has been the rupee.
list Malwa Mirage launches new Digital Glazed Ceramic Tiles
list India Infoline Weekly Newsletter - May 11, 2012
list India Infoline Weekly Newsletter - May 04, 2012
list India Infoline Weekly Newsletter - April 27, 2012

Calendar

May-2012
M T W T F S S
21 22 23 24 25 26 27
Economic Events
list Corporate Service Price (YoY)
list Hometrack Housing Survey (MoM)
Results
list No result today
IPO
listNo IPO today
 

Chambal Fertilisers drops after reporting net loss in Q3

Capital Market / 14:33 , Jan 17, 2012

Chambal Fertilisers & Chemicals lost 2.08% to Rs 80.05 at 14:31 IST on BSE after the company reported net loss of Rs 1.24 crore for Q3 December 2011, compared with net profit of Rs 107.42 crore in Q3 December 2010.

The company announced the results during trading hours today, 17 January 2012.

Meanwhile, the BSE Sensex was up 300.49 points, or 1.86% to 16,489.85.

On BSE, 15.43 lakh shares were traded in the counter as against an average daily volume of 4.93 lakh shares in the past one quarter.

The stock hit a high of Rs 82.45 and a low of Rs 77.40 so far during the day. The stock had hit a record high of Rs 118.50 on 9 September 2011. The stock had hit a 52-week low of Rs 65.90 on 25 February 2011.

The mid-cap stock had underperformed the market over the past one month till 16 January 2012, rising 4.27% compared with the Sensex's 4.51% return. The scrip had also underperformed the market in past one quarter, falling 19.1% as against 5.23% fall in the Sensex.

The company has an equity capital of Rs 416.21 crore. Face value per share is Rs 10.

Chambal Fertilisers & Chemicals' net sales rose 31.8% to Rs 1783.71 crore in Q3 December 2011 over Q3 December 2010.

The net loss was due to a huge deferred tax liability during the quarter. Due to a switch over to Tonnage Tax scheme for the shipping division, the company has ascertained deferred tax liability of Rs 185.86 crore as on 1 April 2011. The deferred tax liability is being accounted for during last two quarters of the financial year 2011-12. Accordingly, an amount of Rs 92.93 crore has been accounted in the current quarter (Q3 December 2011), the company said. The company's profit from ordinary activities before tax fell 26.6% to Rs 111.18 crore in Q3 December 2011 over Q3 December 2010.

Chambal Fertilizers & Chemicals is one of the largest private sector fertilizer producers in India. Chambal Fertilisers has three divisions -- agri-inputs, shipping and textiles.

 



Rate This Article Rate 1 Rate 2 Rate 3 Rate 4 Rate 5