Chambal Fertilisers and Chemicals continues to deliver strong growth

Chambal Fertilisers and Chemicals Limited ("CFCL"), a leading manufacturer of Urea with a fast growing phosphatic and potassic ferilisers and other agri-inputs business, today announced its unaudited financial results for the quarter and half year ended September 30, 2020.

For the quarter ended September 30, 2020, on standalone basis, CFCL achieved revenue of Rs. 3986.94 crore, EBITDA of Rs. 794.71 and PAT of Rs. 416.14 crore registering growth of 12.30% in Revenue, 32.12% in EBIDTA and 10.89% in PAT, in comparison to the corresponding quarter of the previous year. EPS was Rs. 9.99 and Cash EPS was Rs. 14.58 for the quarter under review. The performance was driven primarily by a robust increase in sales of Di-Ammonium Phosphate (DAP), Muriate of Potash (MOP) and NPK fertilisers with better margins, apart from contribution of Urea and other agri-inputs.

The Board of Directors declared interim dividend of Rs. 3.00 per equity share of Rs. 10 each of the Company.

For the quarter ended September 30, 2020, the Company sold 5.04 lakh MT of DAP in comparison to 2.80 lakh MT of DAP during the corresponding quarter of last year, registering stellar growth of 80%. The Company also registered 130.90% growth in sales of MOP which stood at 1.27 lakh MT in comparison to 0.55 lakh MT during the corresponding quarter of previous year.

The company continues to grow its non-urea business by leveraging its extensive dealer and distribution network. The growth was also facilitated by a strong sowing season across the country on the back of widespread and sufficient monsoon.

Commenting on the performance for the quarter and half year under review, Anil Kapoor, Managing Director said "We are encouraged by the growth we have delivered, particularly in phosphatic and potassic fertilisers. We believe there is opportunity for CFCL to further grow in this space. Our Urea plants continue to operate at full capacity. We look forward to continued growth and sustained value creation for all our stakeholders."

Shares of CHAMBAL FERTILISERS & CHEMICALS LTD. was last trading in BSE at Rs.166.5 as compared to the previous close of Rs. 161.55. The total number of shares traded during the day was 33908 in over 804 trades.

The stock hit an intraday high of Rs. 166.5 and intraday low of 160.8. The net turnover during the day was Rs. 5545134.

Source : Equity Bulls

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