Mangalore Chemicals declines on shutting down DAP plant

19 Jul 2022 , 09:22 AM

We shall inform you once we resume operations of the plant,? the company said in a statement. Mangalore Chemicals & Fertilizers is one of the largest manufacturers of chemical fertilizers in the state of Karnataka and around 72% of the companys products are sold in the state of Karnataka, which meets about 11% of the needs of the farmers of the state. MCFL also maintains good market share in Kerala and a modest share in neighbouring states of Tamil Nadu, Andhra Pradesh, Telangana and Maharashtra. Further, the company is also engaged in traded of complex fertilizers. The company has a wide range of products that include urea, di-ammonium phosphate and muriate of potash, granulated fertilizers, micronutrients, soil conditioners and specialty fertilizers. The companys standalone net profit declined 76.31% to Rs 3.49 crore despite a 20.13% rise in sales to Rs 718.88 crore in Q4 FY22 over Q4 FY21. Powered by Capital Market – Live News