FACT

shares plunge 8% as net profit dives in Q3

T Q3 earnings: Declining revenue and weak operational performance put significant pressure on the company's ***** fertiliser company's net profit dived nearly one-fourth on year to just Rs 8 crore during the December quarter, marking a sharp downturn from the Rs 30.30 crore that it reported in the year ago period. A weak operational performance, combined with the fall in topline weighed heavily on the company's profit. Revenue slipped 13.5 percent on year to Rs 949.4 crore, down from Rs 1,097.3 crore in the same period last fiscal. EBITDA margin also eroded to 3.3 percent in Q3, as against 3.9 percent in the same quarter of the previous fiscal.