Rashtriya Chemicals and Fertilizers Ltd

CRISIL ratings have reaffirmed the short term bank facilities of Rashtriya Chemicals and Fertilizers at CRISIL A1+.Powered by Capital Market - Live

Revenue from operations declined 3.86% year on year (YoY) to Rs 3,729.67 crore during the quarter ended March 2025. Profit before tax tumbled 16.41% to Rs 100.33 crore during the quarter, compared with Rs 120.03 crore posted in the corresponding quarter last year. Total expenses shed 3.08% to Rs 3,683.43 crore in Q4 FY25 over Q4 FY24. During the quarter, cost of materials consumed stood at Rs 1,589.83 crore (up 12.31% YoY) while employee benefits expense was at Rs 145.29 crore (up 12.68% YoY). On segmental front, revenue from fertilizers stood at Rs 2,932.35 crore (up 7.47% YoY), trading income stood at Rs 376.94 crore (down 49.91% YoY) and industrial chemicals revenue was at Rs 417.46 crore (up 5.49% YoY). On a full-year basis, the company's consolidated net profit rose 7.62% to Rs 242.45 crore in FY25, even as revenue from operations declined marginally by 0.28% to Rs 16,933.64 crore compared to FY24. Meanwhile, the board of directors has recommended a final dividend of Rs 1.32 per equity share of face value Rs 10 each (i.e., 13.20% of the paid-up equity share capital) for the financial year ended 31 March 2025. The dividend is subject to shareholder approval at the upcoming annual general meeting (AGM). Upon approval, the final dividend will be paid within 30 days from the date of declaration at the AGM. Rashtriya Chemicals & Fertilizers is a public sector undertaking (PSU) with 75% stake owned by Government of India (GOI). The company is engaged in manufacturing and marketing of fertilizers and industrial chemicals. Powered by Capital Market - Live

Rashtriya Chemicals & Fertilizers announced that the Board of Directors of the Company at its meeting held on 27 May 2025, inter alia, have recommended the final dividend of Rs 1.32 per equity Share (i.e. 13.2%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Rashtriya Chemicals & Fertilizers declined 23.92% to Rs 72.46 crore in the quarter ended March 2025 as against Rs 95.24 crore during the previous quarter ended March 2024. Sales declined 3.87% to Rs 3729.67 crore in the quarter ended March 2025 as against Rs 3879.65 crore during the previous quarter ended March 2024. For the full year,net profit rose 7.62% to Rs 242.45 crore in the year ended March 2025 as against Rs 225.28 crore during the previous year ended March 2024. Sales declined 0.28% to Rs 16933.64 crore in the year ended March 2025 as against Rs 16981.31 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales3729.673879.65 -4 16933.6416981.31 0 OPM %4.784.97 -3.983.02 - PBDT174.14169.45 3 586.71493.95 19 PBT95.96104.99 -9 323.95260.85 24 NP72.4695.24 -24 242.45225.28 8 Powered by Capital Market - Live

Rashtriya Chemicals & Fertilizers will hold a meeting of the Board of Directors of the Company on 27 May 2025.Powered by Capital Market - Live

Net profit of Rashtriya Chemicals & Fertilizers rose 615.06% to Rs 80.23 crore in the quarter ended December 2024 as against Rs 11.22 crore during the previous quarter ended December 2023. Sales declined 7.85% to Rs 4518.35 crore in the quarter ended December 2024 as against Rs 4903.52 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales4518.354903.52 -8 OPM %3.961.71 - PBDT168.4973.74 128 PBT105.2917.25 510 NP80.2311.22 615 Powered by Capital Market - Live

Rashtriya Chemicals & Fertilizers will hold a meeting of the Board of Directors of the Company on 12 February 2025.Powered by Capital Market - Live

Rashtriya Chemicals & Fertilizers has received reaffirmation/ assignment of ratings at ICRA AA/ ICRA A1+ for various debt facilities of the company. Powered by Capital Market - Live

The agency has assigned a short-term rating of '[ICRA] A1+' to the debt facilities of the company. ICRA stated that the rating reaffirmation considers the established position of Rashtriya Chemicals and Fertilizers (RCF) as one of the largest urea manufacturers in India with vertically integrated operations in fertilisers and chemicals, coupled with the healthy operating efficiency of its urea operations, reflected in the high plant utilisation levels. The ratings also factor in the sustained comfortable receivable cycle owing to the timely release of subsidy by the Government of India (GoI) and expectation of the trend continuing. The ratings also factor in the low demand risk for urea and RCF's parentage with the GoI holding a 75% stake in the company and the exceptional financial flexibility arising out of its strategic importance to the GoI. Further, its large sovereign ownership and ability to access the debt markets at competitive rates supports its liquidity profile. The ratings, however, are constrained by the vulnerability of the fertiliser business to regulatory and agro-climatic risks and the high working capital intensity of the operations. While the subsidy payments in recent years have been timely, inadequate increase in subsidies or delays in payments can have an adverse impact on the company's financial profile. The profitability of the chemical division is vulnerable to commodity price cycles, exchange rate fluctuations and a potential reduction in import duty. The company has large capex plans in the medium term for modernisation, energy-saving projects and product diversification, which will be funded by debt and internal accruals, exposing the company to project execution risks and may put some pressure on the credit metrics. Rashtriya Chemicals & Fertilizers (RCF) has a diversified product portfolio of urea (51% of overall sales in FY2024), complex fertilisers (13%), traded fertilisers (25%) and industrial chemicals (10%). The Government of India holds a 75% stake in the company. Powered by Capital Market - Live

Rashtriya Chemicals & Fertilizers will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live