4.50/Share Dividend Offered: Mid Cap Fertilisers Co Declares 39% Jump In Net Profit

Mid cap fertilisers company Chambal Fertilisers & Chemicals Ltd on Friday declared a surge of 39% in its consolidated net profit for the quarter ended September 30, 2023 to Rs 380.96 crore from Rs 274.19 crore reported in the year ago period.

The board of directors of the company also declared an interim dividend of Rs 4.50 (45%) per equity share of Rs 10 each of the company. Chambal Fertilisers shares gained 7% in last 3-months and fell 7.59% in last 1-year. Check details below:

Chambal Fertilisers & Chemicals Announces Interim Dividend: The Board of Chambal Fertilisers issued a regulatory filing announcing interim dividend saying, "Further, in continuation to our letter dated November 2, 2023, we would like to inform you that the Board of Directors of the Company at its meeting held on November 3, 2023, declared an interim dividend of Rs. 4.50 (i.e. 45%) per equity share of Rs. 10 each of the Company. The interim dividend shall be paid/ dispatched on or before December 2, 2023."

Chambal Fertilisers Q2 Results: The company announced today that its total income declined to s 5467.28 crore for the July-September quarter of 2023-24 fiscal from Rs 8675.59 crore declared in the corresponding period of last year, as per the BSE filing. It announced decline in its total expenses to Rs 4894.72 crore for Q2 of the current fiscal from Rs 8305.42 crore in the year-ago period.

Chambal Fertilisers & Chemicals Ltd: Last trading price of Chambal Fertilisers share on BSE is Rs 286.80 per share. Its 52-week high price is Rs 324.00 per share and 52-week low price is Rs 248.55 per share, respectively. Chambal Fertilisers has a market capitalisation of Rs 11,936.79 crore. Chambal Fertilisers stock fell 8.72% year-to-date, declined 18.91% in last 2-years, offered a rally of 77.75% in last 3-years, and gave return of 96% in last 5-years.

About: Chambal Fertilisers caters to the need of the farmers in twelve states in northern, eastern, central and western regions of India and is the lead fertiliser supplier in the State of Rajasthan. The Company has a vast marketing network comprising 15 regional offices, 2,200 dealers and 22,000 village level outlets.

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