Rashtriya Chemicals faces challenges as fertilizers segment posts wider operating loss

About this update from Rashtriya Chemicals & Fertilizers Ltd.

Rashtriya Chemicals and Fertilizers (RCF; Mumbai) posted a 23.3% year-over-year decrease in sales for the fiscal first quarter ended June 30, to 33.7 billion Indian rupees ($385.1 million), as per Chemweek.Despite the decline in sales, the company recorded an increase in profit, which soared more than fivefold to 541 million rupees, compared with 107.3 million rupees during the same period last year.The fertilizers segment, which remains a core part of RCF's operations, recorded revenues of 21.4 billion rupees, reflecting a slight increase of 0.1% year over year. However, this segment faced challenges as its operating loss expanded to 400.9 million rupees, up from 373.4 million rupees in the previous year.In contrast, the industrial chemicals division witnessed a downturn, with operating income declining by 2% year over year to 948.8 million rupees and revenue dropping by 17.3% to 3.8 billion rupees. This segment is known for producing a variety of chemical products, including mono methylamine, dimethylamine, nitric acid, trimethylamine, refrigerant grade ammonia, anhydrous ammonia, ammonium nitrate, ammonium bicarbonate, calcium carbonate, argon, nitrogen and gypsum.mrchub.com

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