Madras Fertilizers Ltd Share Price – NSE  /  BSE

Fertilizers, Small Cap

Madras Fertilizers will hold a meeting of the Board of Directors of the Company on 28 March 2024.

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Net loss of Madras Fertilizers reported to Rs 51.69 crore in the quarter ended December 2023 as against net profit of Rs 51.07 crore during the previous quarter ended December 2022. Sales declined 41.70% to Rs 556.05 crore in the quarter ended December 2023 as against Rs 953.81 crore during the previous quarter ended December 2022.

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Madras Fertilizers will hold a meeting of the Board of Directors of the Company on 14 February 2024.

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Aries Agro (up 5.03%), Nagarjuna Fertilizers (up 2.73%), Madras Fertilizers (up 1.83%), Coromandel International (up 1.68%), National Fertilizers (up 1.41%) Chambal Fertilisers & Chemicals (up 1.38%) and Zuari Agro Chemicals (up 1.16%) edged higher.

“Every year under PM Kisan Samman Yojana, direct financial assistance is provided to 11.8 crore farmers, including marginal and small farmers. Further, this scheme has benefited 38 lakh farmers, adding that government will promote private, public investment in post-harvest activities.

Further, Crop insurance is given to 4 crore farmers under PM Fasal Bima Yojana, FM said.

FM Nirmala Sitharaman is presenting her sixth Budget today, which is an interim Budget as India is scheduled to hold its Lok Sabha elections later this year.

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