Fertilizer and Chemical Travancore’s weak bottomline was on account of a 26.2 percent year-on-year fall in Q4 revenue
Shares of Fertilizers and Chemicals Travancore (FACT) nosedived 10 percent on May 5 after the company reported a 26.9 percent on-year decline in net profit for the fourth quarter of FY23 at Rs 165.60 crore.
The weak bottomline was on account of a 26.2 percent year-on-year (YoY) fall in revenue, which came in at Rs 1,248 crore, down from Rs 1,692.50 crore in the year-ago period, the company said in an exchange filing on May 5.