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Fertilisers: The way forward

May 4, 2004

The last three to four years have been a difficult phase for the agricultural sector. Realising the importance of the sector in terms of employment opportunities (direct and indirect) and its impact on the economy's growth, the government talked about the second green revolution. If it were to materialise, agriculture related sectors could see a fillip. Fertilisers is one among them. While growth prospects are promising, is it going to be a smooth ride?

Indo Gulf: Decontrol to power growth

Dec 12, 2003

Indo Gulf Fertilizers (IGF) came into existence on 12th Feb '03 as a resultant company, pursuant to the buyout of Indo Gulf Corporation Ltd's copper division by Hindalco. Consequently, IGF is now purely focused on the urea business.

Tata Chemicals: Going strong

Oct 29, 2003

Tata Chemicals (TCL) announced its 2QFY04 results yesterday. Buoyed by a revival in fertilizer demand and improved financial management, the company has reported a 16% growth in topline and an impressive 71% rise in bottomline. For 1HFY04, TCL has registered a 6% rise in net sales and a 59% growth in net profit. In this context, let us briefly evaluate the company’s performance.

Indo Gulf Fertilizers: Good times ahead

Oct 22, 2003

Indo Gulf Fertilizers (IGF) announced its 2QFY04 results yesterday. The company has reported a strong 38% growth in topline and a 31% rise in the bottomline in the September quarter on a YoY basis. For the 1HFY04, however, IGF has reported a marginal decline in net sales and a 29% increase in net profits. In this context, let us briefly evaluate the company’s performance.

Tata Chemicals: A run down

Oct 10, 2003

Tata Chemicals (TCL) is one of India’s leading manufacturers of inorganic chemicals and fertilizers. It is also the largest manufacturer in the world of synthetic soda ash. The company also operates a salt works capable of generating 2 m tonnes of solar salt (starting raw material for most of the basic chemicals that it produces) and a fertilizer complex with an installed capacity of 0.7 m tonnes.

Coromandel Fertilisers posts 59% decline in net

Jan 31, 2000

Coromandel Fertilisers has recorded a 59% drop in profits even as topline grew by 10% during the quarter ended 31st December 1999. The copany has suffered from a sharp rise in operating expenditure.

EID Parry posted decline in net margins

Jan 31, 2000

EID Parry has posted a decline in net margins during the quarter ended 31st December 1999. The decline in margins is mainly due to a rise in total expenditure that has resulted in the erosion of operating margins.

RCF net profit crashes 95%

Jan 29, 2000

RCF's net profit have crashed 95% as operating margins and net margins have crashed. The company's sales in the third quarter have stagnated at the levels achieved in the corresponding quarter for the third quarter.

GSFC net drops 68% as margins crash

Jan 29, 2000

The company has had a very bad quarter with net dropping 68% depsite a 14% jump in the bottomline. Other Income is actually double the pre-tax level

Nagarjuna shelves HR coil unit plans

Dec 8, 1999

The Nagarjuna group is shelving its Rs 50 bn, 2.5 mtpa Hot Rolled (HR) coil steel plant in Karnataka. Instead, the group has decided to focus on its upcoming refinery and power projects with investments to the tune of Rs 100 bn.

Chambal Fert. net falls

Nov 3, 1999

In 2QFY2000, Chambal Fertilisers has posted 1.3% decline in net profit to Rs 394 m. The decline comes in the backdrop of a 49.9% rise in sales.

GSFC: Net profit dented by 64% in 2QFY2000

Nov 1, 1999

Fertiliser major Gujarat State Fertiliser Corporation (GSFC) has declared a 64% decline in its net profit to Rs 108 m in second quarter ended September 30, 1999. Turnover was also down marginally to Rs 5.4 bn in the same period.

Coromandel profit zooms 51% in 2QFY2000

Oct 27, 1999

Coromandel Fertilisers Limited (CFL) is a part of the Murugappa Group, engaged in the manufacture of phosphatic and nitrogenous fertilisers. The company reported a significant 51% jump in its net profit to Rs 234 m in the second quarter ended September 30, 1999.

EID Parry posts 16% growth in sales

Oct 23, 1999

EID Parry has managed to post a higher net profit margin due to a decline in non operating expenditure. The sharp jump in other income has also contributed to better margins.

Indo Gulf net jumps 40%

Oct 21, 1999

The company has reported a surge in net sales, largely on account of sales in the copper division. However, the sharp jump in interest and depreciation costs has weighed down the profit margins of the company, which stand reduced to 9.1%.


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