RCF rises after stellar Q2 earnings

14 Nov 2022 , 12:44 PM

Revenue from operations soared 113.4% to Rs 5,575.95 crore in Q2 FY23 as against Rs 2,612.38 crore in Q2 FY22. Fertilizers revenue was Rs 4,184.12 crore (up 113.35% YoY), revenue from industrial chemicals stood at Rs 778.12 crore (up 60.01% YoY) and that from trading amounted to Rs 610.79 crore (up 276.89% YoY) in Q2 FY23. Total expense rose 113.1% YoY to Rs 5170.97 crore in Q2 FY23. Cost of raw material consumed stood at Rs 2,596.02 crore (up 128.5% YoY) and employee expenses aggregated to Rs 164.27 crore (up 12.8% YoY) in the second quarter. Finance cost up 250.5% to Rs 59.10 crore during the period under review. Profit before tax grew 97.2% to Rs 315.65 crore in Q2 FY23 as compared to Rs 160.07 crore in Q2 FY22. Net cash generated from operating activities was negative balance of Rs 846.81 crore in six months ended 30 September 2022. The operating activities had generated a positive cash balance Rs 820.33 crore in six months ended 30 September 2021. Rashtriya Chemicals & Fertilizers (RCF) is engaged in the manufacturing and marketing of fertilizers and industrial chemicals. Powered by Capital Market – Live News