The shares of Fertilizers company, specializing in the manufacturing of Urea and Complex Fertilizers have jumped upto 9 percent following the Q3 results with a 4,621 rise in Profit QoQ.
Price action
With a market capitalization of Rs. 1,416.56 crores on Wednesday, the shares of Madras Fertilizers Limited jumped upto 9 percent making a high of Rs. 88.99 per share compared to its previous closing price of Rs. 81.94 per share.
What Happened
Madras Fertilizers Limited engaged in the manufacturing of Urea and Complex Fertilizers has announced its Q3 results.
Its Revenue from operations rose by 43.8 percent YoY from Rs. 556 Crores in Q3FY24 to Rs. 800 Crores in Q3FY25 and it grew by 50.3 percent QoQ from Rs. 532 Crores in Q2FY25 to Rs. 800 Crores in Q3FY25.
Its Net Profit YoY from a loss of Rs. 51.7 Crores in Q3FY24 to a profit of Rs. 74.6 Crores in Q3FY25 and it rose by 4,621 percent QoQ from Rs. 1.58 Crores in Q2FY25 to Rs. 74.6 Crores in Q3FY25.
The earnings per share (EPS) for the quarter stood at Rs. 4.63, compared to Rs. 0.10 in the previous quarter.
About the company
Madras Fertilizers Ltd (MFL) is a leading Indian fertilizer company based in Chennai, it manufactures a wide range of products, including ammonia, urea, and other fertilizers, playing a key role in supporting India’s agricultural sector.
MFL is a public sector undertaking, contributing to the government’s efforts in improving food security and agricultural productivity for its commitment to sustainable practices and has adopted advanced technologies for efficient production.
Future Plans
MFL has planned to construct a new Greenfield Plant with an Ammonia Plant of 2200 MTPD and a Urea Plant of 3500 MTPD.
Written by Sridhar J
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