Q1 2025 Mangalore Chemicals and Fertilisers Ltd Earnings Call Transcript
Key Points
- Mangalore Chemicals & Fertilizers Ltd (BOM:530011) posted a PBT of INR68 crores for Q1 FY25, showcasing strong financial performance.
- The company benefited from favorable monsoon conditions, which positively impacted agricultural activities and business growth.
- Operational performance remained robust with continuous operation of ammonia and urea plants, and phosphatic production based on market demand.
- The company maintained a leading market share in Karnataka for N20 primary sales and POS sales.
- Net worth increased by INR132 crores between June 2023 and June 2024, indicating strong financial health.
- Sales volume decreased by 9% in Q1 FY25 compared to Q1 FY24, primarily due to no imports for trading.
- Revenue for Q1 FY25 decreased by 15% year-on-year, attributed to the reduction in commodity prices and lack of imports for trading.
- EBITDA for Q1 FY25 decreased by 10% compared to Q1 FY24, mainly due to pressure on NPK fertilizer margins.
- PAT for Q1 FY25 was INR44 crores, a 10% reduction from INR49 crores in Q1 FY24.
- The company faced challenges with DAP sales due to high international prices and lower availability, resulting in loss-making DAP operations.
Good morning ladies and gentlemen. On behalf of Mangalore Chemicals and Fertilizers and SKP securities, it's my pleasure to welcome you to MCFL's Q1 FY25 result webinar. We have with us Mr. Nitin Kantak, Whole-Time Director; along with Mr. TM Muralidharan, Chief Financial Officer, both of whom you have met for the past several quarters.
This webinar is being recorded for compliance reasons and during the course of the discussion there may be certain forward looking numbers or statements which must be viewed in conjunction with the risks that the company faces.
I now hand over the webinar to Mr. Kantak for his opening remarks which will be followed by a presentation and Q&A session. Thank you and over to you Mr. Kantak
Thanks Nikhil, for arranging this conference call. Good morning everyone and thank you for joining us today for our Q1 FY25 webinar. I am pleased to share that MCFL has continued its positive trajectory for FY 2024, 2025,
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