BSE: 530011 | NSE: MANGCHEFER | ISIN: INE558B01017
Bengaluru, India | February 4, 2025
Mangalore Chemicals & Fertilizers Limited (MCFL) has announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company's Q3 FY25 results showcase a robust increase in revenue and profitability, with a notable improvement in earnings per share (EPS).Key Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY25 (Dec '24) | Q2 FY25 (Sep '24) | Q3 FY24 (Dec '23) | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 96,765.94 | 77,639.10 | 64,060.72 | 2,55,809.66 | 3,00,904.53 | 3,79,544.16 |
| Total Income | 97,480.95 | 78,169.74 | 65,121.76 | 2,57,702.86 | 3,03,747.44 | 3,83,670.36 |
| Total Expenses | 89,988.21 | 74,024.44 | 60,019.62 | 2,39,269.52 | 2,80,407.68 | 3,59,603.34 |
| Profit Before Tax (PBT) | 7,492.74 | 4,145.30 | 5,102.14 | 18,433.34 | 23,339.76 | 24,067.02 |
| Net Profit (PAT) | 5,738.66 | 2,638.48 | 3,297.71 | 12,768.12 | 14,997.46 | 15,481.52 |
| Earnings Per Share (EPS) - ₹ | 4.84 | 2.23 | 2.78 | 10.77 | 12.65 | 13.06 |
Segment Performance
MCFL continues to operate as a single-segment entity in the manufacture, sale, and trading of fertilizers. The revenue growth was primarily driven by higher urea and phosphatic fertilizer sales and improved realization in the market.Key Developments & Announcements
- Merger with Paradeep Phosphates Limited (PPL)
- The company’s Board approved a scheme of amalgamation with Paradeep Phosphates Limited (PPL) under Sections 230-232 of the Companies Act, 2013.
- This merger aims to consolidate operations and create a stronger market presence in the fertilizer industry.
- The scheme is subject to regulatory approvals from the NCLT, SEBI, and other statutory bodies.
- Appointment of New Secretarial Auditor
- MCFL has appointed M/s. Kedarnath & Karthik, Practicing Company Secretaries, as the Secretarial Auditor for FY 2024-25.
Management Commentary
Nitin M. Kantak, Whole-Time Director of MCFL, stated:"We are pleased with our strong financial performance in Q3 FY25. The company has witnessed significant revenue and profit growth despite industry challenges. Our focus remains on operational efficiencies, expanding our market reach, and successfully completing the proposed merger with Paradeep Phosphates Limited. We are confident that this strategic step will unlock value for all stakeholders."
Strategic Outlook
- Revenue Visibility: The company's urea subsidy income remains under review by the Department of Fertilizers (DoF), Government of India, and is expected to remain stable.
- Cost Efficiency Measures: Cost rationalization strategies have helped control material costs, while finance costs have declined 31.2% YoY.
- Growth Through Consolidation: The merger with Paradeep Phosphates is expected to strengthen the company’s market positioning in the Indian fertilizer sector.