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Chemical stock jumps 17% after it reports ₹12.55 Cr profit against net loss of ₹26.97 Cr YoY

Chemical stock saw a 17% jump after reporting ₹12.55 Cr profit in Q3 FY2024, reversing net loss of ₹26.97 Cr YoY, despite increased sales and high operational costs.
Chemical stock rose 17% after reporting ₹12.55 Cr profit, reversing ₹26.97 Cr loss YoY.
Chemical stock rose 17% after reporting ₹12.55 Cr profit, reversing ₹26.97 Cr loss YoY.

Introduction:

Chemical stock reported a total income of ₹19,760.2 lakhs in Q3 FY2024, showing a decline in performance compared to the previous quarter. Despite increased sales, high operational costs resulted in a net loss, though net profit improved from the previous quarter.

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Share Price movement of Khaitan Chemicals and Fertilizers:

On January 16, 2025, Khaitan Chemicals and Fertilizers Ltd opened at ₹66.99, reaching a high of ₹77.70 and a low of ₹65.99, closed at ₹75.20. This represents a notable increase of 17% from the previous close of ₹65.13, with a market cap of ₹729.36 Cr.

Khaitan Chemicals and Fertilizers Q3 Results:

Khaitan Chemicals and Fertilizers Limited reported revenue from operations of ₹19.58 crore for Q3 2024, compared to ₹20.68 crore in the previous quarter and ₹127.60 crore in the same period last year, indicating a decline in revenue.

The company’s total expenses for Q3 2024 amounted to ₹19.50 crore, reflecting a reduction from ₹23.28 crore in Q2 2024 and ₹15.35 crore in Q3 2023. This points to an effort in cost management.

Khaitan Chemicals posted a profit of ₹12.6 crore for the period, a reversal from the loss of ₹3.07 crore in Q2 2024 and a loss of 26.9 crore in Q3 2023. This marks a performance improvement compared to the previous year.

Also Read: Renewable energy stock falls 5% after its net profits decline by % in Q3

Recent news About Khaitan Chemicals and Fertilizers :

On November 15, 2024, Khaitan Chemicals & Fertilizers reported a 19.31% rise in sales to ₹230.65 crore for Q3 FY2024. However, the company posted a net loss of ₹3.07 crore compared to a profit of ₹0.11 crore in the previous quarter.

Stock performance of Khaitan Chemicals and Fertilizers for Period of 1 week, 6 months and 1 year:

Over the past week, Khaitan Chemicals and Fertilizers Ltd has gained 7.37%, while showing a slight decline of 4.10% over the last six months. However, the stock has delivered a positive return of 6.39% over the past year, indicating stable performance.

Also Read: PSU stock jumps 6% after receiving order to supply missiles for the Indian Navy

Shareholding pattern of Khaitan Chemicals and Fertilizers:

All values in %Dec-24Sep-24Jun-24
Promoters72.5272.5274.99
FII0.080.080.09
Retail & others27.3927.424.91
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About Khaitan Chemicals and Fertilizers:

Khaitan Chemicals and Fertilizers Ltd is a leading player in the chemical and fertilizer industry. The company manufactures and markets a wide range of products, focusing on sustainable growth and contributing significantly to India’s agricultural and industrial sectors.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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