Chemical
FACT makes record profit of Rs. 83.07 Cr
Company has also reported a turnover of Rs. 1,047 crore for the quarter as compared to Rs. 931 crore during the same period last year
- By ICN Bureau
| November 07, 2020
The Fertilisers And Chemicals Travancore Limited (FACT), a public sector company under the Ministry of Chemicals & Fertilisers, has made a record profit of Rs. 83.07 crore for the quarter ended 30th September 2020.
This is an all time high operating profit reported in a quarter by the company whereas profit during the same period last year was Rs. 6.26 crore.
The company has also reported a turnover of Rs. 1,047 crore for the quarter as compared to Rs. 931 crore during the same period last year.
During the quarter, the production and sales of FACTAMFOS, the company’s flagship product, and Ammonium Sulphate surpassed an all time high quarterly record. The company has imported two shipments of MOP and one shipment of NPK fertilisers during the first half year.
The company has an all time high quarterly FACTAMFOS production of 2.36 lakh MTs and an all time high Ammonium Sulphate production of 0.69 lakh MTs. FACTAMFOS and Ammonium Sulphate sales reached 2.77 lakh MTs and 0.08 lakh MTs respectively for the quarter. In the quarter, the company has entered new markets in West Bengal and Odisha.
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