RCF Q4 net up 30% to Rs 152.47 crore

NEW DELHI: State-owned Rashtriya Chemicals and Fertilisers Ltd ( RCF) has reported 30 per cent increase in net profit at Rs 152.47 crore for the fourth quarter ended on March 31, despite decrease in income.

It had clocked net profit of Rs 117.52 crore in the January-March quarter during the 2012-13 fiscal, the company said in a BSE filing.

However, total income during Q4, 2013-14 decreased to Rs 1,921.79 crore from Rs 2,109.65 crore in the year-ago period.

For the entire 2013-14 fiscal, RCF's net profit decreased by 11 per cent to Rs 249.89 crore from Rs 280.90 crore in 2012-13.

Its total income for the year also declined to Rs 6,588.09 crore from Rs 6,773.84 crore in 2012-13.

"Despite issues affecting fertiliser industry like availability of domestic gas, delay in receipt of subsidies, volatility in prices of raw materials and fluctuations in foreign exchange, there was improvement in bottom line of the company," RCF Chairman and Managing Director R G Rajan said.

The company has two plants at Thal in Maharashtra, with combined capacity of 25 lakh tonnes of urea and 6 lakh tonnes of complex fertilisers.

The company board has recommended a dividend of Rs 1.50 per share.

The RCF scrip closed 3.34 per cent down at Rs 39.10 on the BSE today.