Dolly Khanna stock specializing in the manufacture, purchase, and sale of fertilizers jumped upto 4 percent upon declaring Q3 results and generating profit with a 117 percent rise Quarter on Quarter (QoQ).
Price action
With a market capitalization of Rs. 1,970.99 crores on Wednesday, the shares of Mangalore Chemicals & Fertilizers Limited jumped upto 4.2 percent making a high of Rs. 173.65 per share compared to its previous closing price of Rs. 166.30 per share.
What Happened
Mangalore Chemicals & Fertilizers Limited primarily engaged in the manufacture, purchase, and sale of fertilizers has announced its Q3FY25 results.
Its Revenue from operations grew by 51 percent YoY from Rs. 641 Crores in Q3FY24 to Rs. 968 Crores in Q3FY25 and it rose by 25 percent QoQ from Rs. 776 Crores in Q2FY25 to Rs. 968 Crores in Q3FY25.
Its Net Profit grew by 74 percent YoY Rs. 33.0 Crores in Q3FY24 to Rs. 57.4 Crores in Q3FY25 and it rose by 117 percent QoQ from Rs. 26.4 Crores in Q2FY25 to Rs. 57.4 Crores in Q3FY25.
The earnings per share (EPS) for the quarter stood at Rs. 4.84, compared to Rs. 2.23 in the previous quarter and Rs. 2.78 in the same quarter last year.
Key results highlights
The company’s urea production stood at 1,23,000 Mts for the quarter at its best efficiency, furthermore, its Phosphatic production resulted in 87,000 Mts for the quarter.
Ace Investor
Ace investor Dolly Khanna holds 20,68,360 equity shares which consists of a 1.75 stake in the company.
About the company
Mangalore Chemicals & Fertilizers Limited (MCF) is a leading producer of chemicals and fertilizers in India. The company primarily manufactures urea, complex fertilizers, and industrial chemicals like ammonia and nitric acid. It serves the agricultural sector, contributing to India’s food security and sustainable farming practices.
Written by Sridhar J
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