The Phosphate Co. Ltd. Reports Quarterly Net Profit of Rs 79.75 Lacs with 76% Revenue Growth
Phosphate Company has reported strong financial results for the quarter, showcasing a significant turnaround. The company's net profit reached Rs 79.75 lacs, compared to a net loss of Rs 50.32 lacs in the same quarter last year. Revenue from operations increased by 76% year-over-year to Rs 1,405.92 lacs. EBITDA rose to Rs 219.05 lacs from Rs 28.77 lacs, and EPS improved to Rs 2.21 from a loss of Rs 1.39 per share. The company attributes this performance to increased operational efficiency and better cost management, while noting the seasonal nature of its agro-input business.