Rashtriya Chemicals And Fertilizers Approves ₹1,100 Crore NCD Programme Pending Shareholder Approval

Q1 FY27 Consolidated Results YoY: Revenue at 3586 Cr vs 3371 Cr, up 6.4%. EBITDA at 255 Cr vs 197 Cr, up 29.2%. EBITDA Margin at 7.1% vs 5.8%, expansion of 130bps; power and fuel costs grew 43.4% vs revenue growth of 6.4%. PAT at 73.5 Cr vs 54.4 Cr, up 35.1%; includes Rs 171.54 Cr retrospective subsidy reduction, of which Rs 39.02 Cr relates to Q1. Fertilizers posted a loss of 150 Cr vs loss of 40 Cr, while Industrial Chemicals profit rose to 300 Cr from 95 Cr. Context: retrospective policy impact now reflected in reported earnings. Board approved issuance of NCDs up to Rs 1,100 Cr over the next 12 months, subject to shareholder approval.