Fertilizers and Chemicals Travancore Limited
The Fertilisers And Chemicals Travancore Limited (FACT) was incorporated in the year 1943 as the first large-scale fertilizer plant in India at Udyogamandal, Kochi, Kerala. FACT started production in 1947. FACT is under the administrative control of the Department of Fertilizers, Ministry of Chemicals & Fertilizers, Government of India. From a modest beginning, FACT has expanded and diversified into a multi-divisional organisation with varied activities. The parent division at Udyogamandal underwent four stages of expansion until the year 1972, upgrading technology and increasing capacity.
Key Areas
- Complex Fertilisers
- Straight Fertilisers
- Organic Fertilisers
- Bio Fertilisers
- Imported Fertilisers
- Bagged Gypsum
Shareholding Pattern
- PUBLIC GROUP
- PROMOTER GROUP
Financial Summary
| Particulars | March 2024 | March 2023 | March 2022 |
| Sales | 5,055 | 6,198 | 4,425 |
| Sales Growth % | -18.44% | 40.08% | 35.78% |
| Expenses | 4,695 | 5,443 | 3,829 |
| Operating Profit | 359 | 755 | 596 |
| OPM % | 7% | 12% | 13% |
| Net Profit | 146 | 613 | 346 |
| EPS in Rs | 2.26 | 9.47 | 5.35 |
Synopsis of Financials
- In Q4 26.2 percent year-on-year (YoY) fall in revenue, which came in at Rs 1,248 crore, down from Rs 1,692.50 crore in the year-ago period.
- EBIDTA also declined 37.9 percent YoY to Rs 184.1 crore from Rs 296.6 crore in the same quarter last year.
- Operating margin also contracted to 14.7 percent in January-March period as against 17.5 percent in the year-ago quarter.
Final Outlook
The company said in an exchange filing on May 5 that the dismal bottom line was caused by a 26.2 percent year-over-year (YoY) decline in sales, which came in at Rs 1,248 crore as opposed to Rs 1,692.50 crore in the same period last year. Profits before interest, taxes, depreciation, and amortization, or EBIDTA, decreased by 37.9% year over year to Rs 184.1 crore from Rs 296.6 crore in the corresponding quarter of the previous year.
Additionally, operating margin decreased to 14.7 percent from 17.5 percent in the same quarter last year to 14.7 percent from January to March. Net Sales at Rs 1,097.33 crore in December 2023 down 36.27% from Rs. 1,721.94 crore in December 2022.
Quarterly Net Profit at Rs. 30.32 crore in December 2023 down 81.71% from Rs. 165.79 crore in December 2022.
EBITDA stands at Rs. 97.16 crore in December 2023 down 66.07% from Rs. 286.33 crore in December 2022.
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