Skip to main content

Mangalore Chemicals & Fertilizers Q3 results; profit rises 3-times

Mangalore Chemicals & Fertilizers Q3 results; profit rises 3-times

Mangalore Chemicals & Fertilizers Limited (MCF), the largest manufacturer of chemical fertilisers in the state of Karnataka, announced their Quarter 3 results today

Mangalore Chemicals & Fertilizers Limited (MCF), the largest manufacturer of chemical fertilisers in the state of Karnataka, announced their Quarter 3 results today.  

During the quarter ended 31 December 2017, the total revenue was Rs 669 crore in comparison to the corresponding quarter last year of Rs 551 crore. Profit before depreciation, interest and taxes (EBITDA) for the quarter was 63.2 crore against corresponding quarter last year of Rs 52.4 crore. Net profit after tax for the quarter was Rs 22.9 crore against corresponding quarter last year Rs 7.7 crore.

For the period ended 31 December 2017, the total revenue was Rs 2,070 crore as against Rs 1,958 crore during the corresponding period last year and profit after tax was Rs 40.3 crore as against Rs 14.7 crores during the corresponding period last year.

MCF is a subsidiary of Zuari Agro Chemicals Limited, an Adventz Group company, which holds 53.03 per cent equity shares. All products are marketed under the JaiKisaan Mangala brand. The company deals with fertilisers like urea, diammonium phosphate (DAP), granulated fertilisers, liquid fertilisers, soil conditioners, muriate of potash, soil micro-nutrients, speciality fertilisers, food grade Ammonium Bicarbonate, industrial chemicals like Sulphuric acid and Sulphonated Formaldehyde.

1 Votes with an average with 5

Related Story

NEDAC GA sets agenda for cooperatives to cooperatives trade
NEDAC GA sets agenda for cooperatives to cooperatives trade

Network for Development of Agricultural Cooperatives in Asia and the Pacific (NEDAC) is a unique organisation encompassing mix of government and non government organisations, created by Food and…

NCDC’s scheme to promote young entrepreneurs in cooperatives
NCDC’s scheme to promote young entrepreneurs in cooperatives

In order to cater to the needs and aspirations of the youth, the National Cooperative Development Corporation (NCDC) has come up with a youth-friendly scheme ‘Yuva Sahakar-Cooperative Enterprise…

Global organic seeds market to exceed USD 5.35 bn by 2026
Global organic seeds market to exceed USD 5.35 bn by 2026

The global organic fruits, vegetables and nuts seed market is set to exceed USD 5.35 billion by the end of 2026. The market is forecast to grow at a compound annual growth rate (CAGR) of 11.01…