Rashtriya Chemicals and Fertilizers (RCF) Q1 24/25 earnings summary

Executive summary

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, with a limited review by statutory auditors.

• No deviations or variations in the use of proceeds from listed non-convertible debentures; all funds utilized as intended.

• New Articles of Association approved, pending ministry and shareholder approval.

Financial highlights

• Revenue from operations for Q1 FY25 was ₹4,396.06 crore, up from ₹3,879.65 crore in Q4 FY24 and ₹4,042.95 crore in Q1 FY24.

• Net profit after tax for Q1 FY25 stood at ₹10.80 crore, compared to ₹95.24 crore in Q4 FY24 and ₹67.79 crore in Q1 FY24.

• EBITDA for Q1 FY25 was ₹145.44 crore, down from ₹223.84 crore in Q4 FY24.

• Basic and diluted EPS for Q1 FY25 was ₹0.20, compared to ₹1.73 in Q4 FY24 and ₹1.23 in Q1 FY24.

• Total comprehensive income for Q1 FY25 was ₹10.03 crore.

Outlook and guidance

• Company recognized estimated compensation of ₹198.32 crore for price adversity in P&K fertilizer imports, as per government directives, with further ₹30.02 crore for unsold inventory and pending sales.

• Claims for compensation on prior year imports are pending settlement.