Fertilisers and Chemicals Travancore Q3 Result 2024: Date and Time, Share Price and Target

News: The Fertilisers and Chemicals Travancore Limited (FACT) holds a significant place in India’s industrial landscape. Established in 1943, FACT emerged as the first large-scale fertilizer plant in the country. Let’s explore the journey of this vital organization that plays a crucial role in supporting our farmers.

Inception and Growth

• Incorporation: FACT was born in Udyogamandal, Kochi, Kerala, initially in the private sector, promoted by M/s. Seshasayee Brothers.
• Public Sector Transition: In 1960, FACT transformed into a public sector company, with the Government of India becoming the major shareholder in 1962.
• Diversification: Over the years, FACT expanded and diversified into a multi-divisional organization. Its parent division at Udyogamandal underwent four stages of expansion, upgrading technology and increasing capacity.
• Engineering & Consultancy Wing: Recognizing the need for indigenous capabilities, FACT established an Engineering & Design Organisation (FEDO) for designing and constructing chemical and fertilizer plants.
• Fabrication Division: FACT also set up a Fabrication Division (FEW) in 1966.
• Cochin Division: The Ammonia-Urea Complex at Ambalamedu near the BPCL-Kochi Refineries was commissioned in 1973, followed by the Sulphuric Acid, Phosphoric Acid, and Complex Fertilizer Plant in 1976-78.
• Petrochemical Industry: FACT diversified into the petrochemical industry by commissioning the Petrochemical Division at Udyogamandal for Caprolactam production during 1990-91.
• New Ammonia Plant: In 1998, FACT set up a new Ammonia Plant at Udyogamandal, further enhancing its capabilities.

Financial Snapshot

• Authorized Share Capital: ₹100 crore equity shares of face value ₹10/- each (₹1000 crore).
• Issued and Subscribed Share Capital: ₹647.07 Crore.

Legacy and Leadership

• Visionaries: Sir C.P. Ramaswamy Iyer, the then Diwan of Travancore, played a pivotal role in setting up FACT in the village of Udyogamandal.
• Notable Leaders: Shri M.K.K. Nair, an outstanding administrator and visionary, led FACT from 1960 to 1971.

Certainly! Here’s a straightforward and SEO-friendly article about the Fertilisers and Chemicals Travancore (FACT) Q3 results for 2024:

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1. Date and Time of Announcement

The eagerly awaited Q3 results of Fertilisers and Chemicals Travancore (FACT) are scheduled to be announced on February 14, 2024. Mark your calendars!

2. Share Price Movement

FACT’s share price has been closely watched by investors. As of the latest update on February 7, 2024, it stands at ₹787.10 on the Bombay Stock Exchange (BSE). The recent change shows a decline of 2.48%.

3. Financial Snapshot

Let’s delve into the financial performance of FACT during Q3:

• Revenue: In the quarter ending December 2022, FACT recorded a total revenue of ₹1,721.94 crores.
• Gross Profit: After accounting for costs, the gross profit amounted to ₹657.82 crores.
• Operating Income: The operating income stood at ₹192.24 crores.
• Net Income: The net income before taxes was ₹165.79 crores.
• Earnings Per Share (EPS): Diluted EPS (excluding extraordinary items) was ₹2.56.

4. What’s Next?

Investors and stakeholders eagerly await the detailed breakdown of FACT’s performance. Keep an eye out for the official announcement on February 14, 2024. Whether you’re a seasoned investor or just curious about the financial world, FACT’s Q3 results are worth paying attention to.

FACT’s 75-year journey reflects its commitment to fertilizer production and service to the nation. As we await the Q3 results, let’s acknowledge the tireless efforts of FACT in supporting India’s agricultural growth.

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