Mangalore Chemicals & Fertilizers posts healthy Q2 no.s; stock rises 9%
Mangalore Chemicals & Fertilizers reported its Q2 numbers on Monday, post-market.
![Mangalore Chemicals & Fertilizers posts healthy Q2 no.s; stock rises 9%](https://cdn.zeebiz.com/sites/default/files/2023/10/31/267198-mangalore-chemicals-fertilizers.jpg?im=FitAndFill=(1200,900))
The stock of Mangalore Chemicals & Fertilizers, an Adventz group company, gained over 9 per cent in the morning deals on Tuesday, October 31. The upswing came in the shares after the fertiliser company registered a profit in the July-September quarter (Q2FY24) against a loss a year ago.
At around 10:33 a.m., Mangalore Chemicals & Fertilizers shares edged higher by 6.04 per cent or Rs 6.3 at Rs 110.6 apiece. The stock traded in the range of Rs 110.2 apiece to Rs 114 during the morning session on BSE. The market capitalsiation of the company at around the same time was Rs 1,313.15 crore.
Mangalore Chemicals & Fertilizers reported its Q2 numbers on Monday, post-market. The company registered a profit after tax (PAT) of Rs 68 crore as against a loss of Rs 32 crore a year ago. The revenue of the company rose five times to Rs 1,410 crore as compared to Rs 283 crore year-on-year (YoY).
The earnings before interest, tax and amortization (EBITDA) came at Rs 141 crore as against a loss of Rs 19 crore in the corresponding quarter of the previous year. The margin of the company stood at 10 per cent.
Sequentially, the company logged a 37 per cent rise in PAT and a 47 per cent increase in revenue.
The company, through its regulatory filing, informed that it had shut down the Ammonia and Urea plants in the last week of September for planned maintenance, and the start-up is under progress.
Mangalore Chemicals & Fertilizers share price history
Shares of the fertiliser company in 2023 so far have gained over 26 per cent against the Nifty50's rise of over 4 per cent.
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/markets/stocks/photo-gallery-this-tata-group-stock-turned-every-rs-10000-of-investment-into-rs-11300-in-just-a-week-investors-richer-by-42722-crore-rupees-any-guesses-share-market-news-304023](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307143-tradingpexels.jpg?itok=rw4R7EfH)
A Tata group stock just turned every Rs 10,000 of investment into Rs 11,300 in just a week, investors richer by Rs 42,722 crore; any guesses?
![https://www.zeebiz.com/markets/stocks/photo-gallery-large-cap-midcap-stocks-shares-to-buy-for-long-term-check-out-targets-nifty-sensex-303617](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/25/306716-stockks.jpg?itok=KJTrFUIK)
Stocks to buy for long term: Analysts suggest buying these 5 largecap, 4 midcap scrips; check out targets
![https://www.zeebiz.com/personal-finance/photo-gallery-nps-retirement-planning-budget-2024-nirmala-sitharaman-announcement-how-nps-rulebook-change-can-increase-corpus-income-and-monthly-pension-by-40-compound-return-303984](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307102-indian-currency-pixabay-take.jpg?itok=kN21EW-9)
How your NPS retirement corpus and monthly pension can jump by 40% after this rule change; get details
![https://www.zeebiz.com/personal-finance/photo-gallery-senior-citizen-savings-scheme-scss-2024-interest-rate-calculator-post-office-how-to-get-inr-rs-50000-interest-retirement-planning-guaranteed-return-maturity-amount-small-savings-303930](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307042-fd-interest-file.jpg?itok=45ZbBRWM)
How much investment do you need in this senior citizen scheme to get Rs 50,000 quarterly interest? Know here
12:20 PM IST