Rashtriya Chemicals and Fertilizers (RCF) Q2 24/25 earnings summary

Executive summary

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

• No material misstatements or deviations identified by auditors in both standalone and consolidated results.

Financial highlights

• Standalone revenue from operations for Q2 FY25 was ₹4,289.56 crore, up from ₹4,155.19 crore in Q2 FY24; H1 FY25 revenue was ₹8,685.62 crore, up from ₹8,198.14 crore year-over-year.

• Standalone net profit for Q2 FY25 was ₹78.60 crore, compared to ₹51.64 crore in Q2 FY24; H1 FY25 net profit was ₹89.33 crore, down from ₹119.59 crore year-over-year.

• Consolidated revenue from operations for Q2 FY25 was ₹4,289.56 crore; H1 FY25 was ₹8,685.62 crore.

• Consolidated net profit for Q2 FY25 was ₹78.96 crore, compared to ₹51.03 crore in Q2 FY24; H1 FY25 net profit was ₹89.76 crore, down from ₹118.82 crore year-over-year.

• Exceptional income of ₹25.28 crore recognized in Q2 FY25 related to sale/revaluation of development rights.

Outlook and guidance

• Claims for price adversity on imported phosphatic and potassic fertilizers totaling ₹230.30 crore recognized for H1 FY25, with settlement under process by the Department of Fertilizers.

• No deviation or variation in the use of proceeds from listed debentures; all funds utilized as intended.