CHAMBAL FERTILISERS
FY 10 RESULTS VS FY 09
Chambal Fertilisers has released lack luster results for FY 10 compared to FY 09. On a standalone basis, there is a significant decrease in net sales from Rs.4596 cr in FY 09 to Rs.3575 cr. However, total expenditure has decreased from Rs.4284 Cr in FY 09 to Rs.3202 Cr.On account of this, and a fall in interest burden, the Net profit has gone up marginally from Rs.231 Cr in FY 09 to Rs.249 Cr, thus raising the EPS marginally from 5.54 to 5.98 on a face value of Rs.10. Thus, results do not show any great improvement YOY. At the current price of Rs.61, the P/E ratio comes to 10.2.
On a consolidated basis also, the consolidated net profit for the year ended March 31, 2010 declined to Rs.217.23 crore from Rs.225.59 crore in the previous year. Total income decreased to Rs.4,194.90 crore from Rs.5,671.21 crore in the last year.
The company has recommended dividend of 19% or Re.1.90 per share for the year ended March 31, 2010.
The company has recommended dividend of 19% or Re.1.90 per share for the year ended March 31, 2010.
It is felt that, Sales need to improve significantly, for any great price appreciation.
Whether the lesser sales and lesser raw material cost are due to shift from other sources to GAS and if so, how much benefit is being passed on to customers is not yet clear.
RESULTS – IN NUMBERS
FY09 (Rs. in lakhs) Description :: FY 10(Rs. in lakhs)
459553.61 Net Sales :: 357450.19
4768.39 Other Operating Income 2454.27
-4851.56 Increase/Decrease in SIT & WIP:: 7605.33
174429.49 Consumption of Raw Materials:: 158966.51
156418 Purchase of traded goods 64389.37
9059.96 Employees Cost :: 9860.71
22713.93 Depreciation 25761.77
70627.92 Other Expenditure 53590.68
428397.74 Total Expenditure 320174.37
35924.26 Profit from Operations 39730.09
7175.55 Other Income 4229.42
43099.81 Profit before Interest 43959.51
12250.88 Interest :: 8515.2
30848.93 Profit after Interest 35444.31
-961.09 Exceptional items -436.87
31810.02 Profit(+) before tax 35881.18
8753.73 Tax Expense 10976.06
23056.29 Net Profit (+) :: 24905.12
18 Dividend (%) 19
10 Face Value (in Rs.) 10
41620.79 Paid-up Equity :: 41620.79
81814.51 Reserves :: 97384.95
5.54 Basic EPS:: (in Rs.) 5.98
ANNOUNCEMENTS TO THE EXCHANGE
8-05-2010 Chambal Fertilizers & Chemicals Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 357450.19 lacs for year ending on 31-MAR-2010 against Rs. 459553.61 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 24905.12 lacs for the year ending on 31-MAR-2010 against Rs. 23056.29 lacs for the year ending on 31-MAR-2009. -
08-05-2010 Chambal Fertilizers & Chemicals Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 412734.35 lacs for year ending on 31-MAR-2010 against Rs. 559738.33 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 21722.88 lacs for the year ending on 31-MAR-2010 against Rs. 22558.81 lacs for the year ending on 31-MAR-2009.
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