Rashtriya Chemicals & Fertilizers Ltd. has reported 84.04 per cent drop in its consolidated net profit to Rs 10.80 crore in Q1 FY25 as compared with Rs 67.69 crore posted in same period last year. Revenue from operations grew by 8.73 per cent year on year (YoY) to Rs 4,396.06 crore during the quarter ended June 2024.

Profit before tax tumbled 75.40 per cent to Rs 16.34 crore during the quarter as compared with Rs 66.43 crore posted in the corresponding quarter last year. Total expenses rose 10% to Rs 4,409.93 crore in Q1 FY25 over Q1 FY24.

During the quarter, cost of materials consumed stood at Rs 1,195.78 crore (down 16.62% YoY) while employee benefits expense was at Rs 141.23 crore (up 1.69% YoY).

On segmental front, revenue from fertilizers stood at Rs 2,140.36 crore (down 11.69% YoY), Industrial Chemicals was at Rs 462.10 crore (up 1.62% YoY) and Trading stood at Rs 1,790.69 crore (up 54.15% YoY).