FACT shares jump 3% as net profit rises 88% YoY

GreyOak summary

Fertilisers and Chemicals Travancore Ltd (FACT) shares rose 3% after reporting an 88% year-on-year increase in net profit for the September quarter. Net profit reached Rs 39.28 crore from Rs 20.9 crore previously, while revenue declined 10.2% to Rs 1,463.7 crore. EBITDA improved significantly to Rs 98.4 crore with margins expanding to 6.7%.