RCF posts lower bottom-line numbers for Q3FY18
RCF reported mixed performance for the quarter over the previous year. The topline for the quarter and year grew strongly, but margins remained muted
The total revenue for the quarter grew by 17.8 per cent YoY and 10.1 per cent QoQ to Rs 1985 crore. This was largely due to 15.9 per cent rise in fertiliser revenue over the corresponding quarter previous year.
The operating profits for the quarter grew marginally over the previous year by 1.4 per cent and substantially by 75 per cent over the previous quarter. Further, margins for the quarter declined by 90 bps over the previous year. This was largely on account of rise in raw materials by 7.7 per cent over the previous quarter.
The bottomline for the quarter dipped by 71 per cent YoY due to the higher tax expenses over the corresponding quarter previous year .
The stock today opened at Rs.84.3 and closed marginally up at Rs.86.