Rashtriya Chemicals and Fertilizers (RCF) reported a 10% decline in its net profit to Rs 410 m in the second quarter ended September 30, 1999. Turnover however, improved significantly by 30% to Rs 8,422 m.
RCF manufactures and sells urea, complex fertilizers, ammoniumnitrate phosphate, menthol and methyl amine.
The company's interest out go was up by a significant 80% to Rs 182 m. Expenditure was also up by 34% to Rs 7,537 m. Hence, the company's net profit margin declined to 4.9% from 7% in 2QFY99.
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