Fertilisers and Chemicals Travancore (FACT) Q1 24/25 earnings summary

Executive summary

• Unaudited consolidated and standalone financial results for the quarter ended 30 June 2024 were reviewed and approved by the Board on 13 August 2024.

• Statutory auditors issued an unmodified review opinion, indicating no material misstatements or non-disclosures.

Financial highlights

• Consolidated revenue from operations for the quarter was ₹59,958 lakh, down from ₹1,06,182 lakh in the previous quarter and ₹1,23,257 lakh year-over-year.

• Consolidated net loss for the quarter was ₹4,867 lakh, compared to a net profit of ₹7,181 lakh in the same quarter last year.

• Exceptional gain of ₹826 lakh was recorded due to withdrawal of excess provision made in FY 2022-23.

• Basic and diluted EPS for the quarter stood at ₹(0.75), compared to ₹1.11 in the same quarter last year.

Outlook and guidance

• No explicit forward-looking guidance provided, but results reflect challenging market and operational conditions.