Mangalore Chemicals & Fertilizers Limited has informed the Exchange regarding Outcome of Board Meeting held on May 07, 2025.
Awaiting price reaction for this filing.
MCFL's board approved FY25 audited results showing a ~12% decline in revenue from contracts to Rs. 3,33,189.59 lakhs (from Rs. 3,79,544.16 lakhs in FY24) and a 7% drop in net profit to Rs. 14,371.27 lakhs (vs Rs. 15,481.52 lakhs). Q4 FY25 saw a sharp rebound with PAT nearly tripling to Rs. 1,603.15 lakhs versus Rs. 484.06 lakhs in Q4 FY24. The board recommended a dividend of Rs. 1.50 per share (unchanged YoY) and statutory auditors PKF Sridhar & Santhanam LLP issued an unmodified opinion with two emphasis-of-matter notes — one on an unresolved urea subsidy writ petition (Rs. 2,914 lakhs) and one on the proposed merger with Paradeep Phosphates Limited pending regulatory approvals. New cost, internal, and secretarial auditors were appointed, and Mr. Marco Wadia was re-appointed as Independent Director for a second 5-year term.
Steady dividend and clean audit opinion are positives, but the full-year revenue and profit decline plus ongoing subsidy litigation and pending merger create uncertainty — investors should watch the PPL merger timeline and subsidy case outcome for next leg of stock action.