State-run Rashtriya Chemicals and Fertilizers Ltd (RCF) on Friday (November 10) reported an 80.5% year-on-year (YoY) decline in net profit at ₹51 crore for the second quarter that ended September 30, 2023.

In the corresponding quarter last year, Rashtriya Chemicals and Fertilizers posted a net profit of ₹261.9 crore, the company said in a regulatory filing.

The company's revenue from operations declined 25.5% to ₹4,155.2 crore as against ₹5,576 crore in the corresponding period of the preceding fiscal.

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At the operating level, EBITDA tanked 73.9% to ₹105.9 crore in the second quarter of this fiscal over ₹405 crore in the corresponding period in the previous fiscal.

EBITDA margin stood at 2.6% in the reporting quarter as compared to 7.3% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortization.

The results came after the close of the market hours. Shares of Rashtriya Chemicals and Fertilizers Ltd ended at ₹127.65, up by ₹ 0.100, or 0.078 percent on the BSE.