Mangalore Chemicals Q1FY24 Results: Consolidated PAT Drops to Rs. 49.28 Cr

Mangalore Chemicals Q1FY24 Results: Consolidated PAT Drops to Rs. 49.28 Cr

Mangalore Chemicals Q1 results show revenue fell from 1174.97 crores to 965.39 crores, a -17.84% decrease in growth. EPS down from ₹5.73 to ₹4.16, down by -27.40%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Mangalore Chemicals shared its Q1 results on Monday. They earned 965.39 crores in revenue this quarter, but that’s less than the 1174.97 crores they made last quarter. Unfortunately, the company’s growth decreased by -17.84 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 49.28 crores, down from 67.87 crores in the previous quarter. Their quarter-to-quarter growth decreased by -27.39 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹4.16, which is a decrease of -27.40% from the ₹5.73 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 965.39 crores this year (2023), which is -6.01 percent lower than last year’s total revenue of 1027.17 crores.

This year’s PAT (Profit After Tax) is 49.28 crores, which is also 116.16% higher than last year’s PAT of 22.80 crores.

The EPS (Earnings Per Share) for this year is ₹4.16, which is 116.67% more than the EPS of ₹1.92 earned last year.

Also Read: Indigo Paints Q1FY24 Results: Consolidated PAT Falls to Rs. 31.04 Cr

Mangalore Chemicals Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Mangalore Chemicals:

Mangalore Chemicals & Fertilizers Limited holds the distinction of being the biggest chemical fertilizer manufacturer in the state of Karnataka, India. It operates under the umbrella of the Adventz Group. The company’s corporate and registered office is located at UB City, Bangalore, while its factory unit is situated in Panambur, north of Mangalore.

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