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Rama Phosphates Posts Impressive Q3 Performance with Positive Outlook
Rama Phosphates Ltd., a leading producer of fertilizers in India, has recently announced its financial results for the third quarter of the financial year 2023-24. The company has reported a surge in profitability due to robust product demand and cost optimization initiatives. Rama Phosphates' consolidated revenue for the quarter stood at Rs. 1,250 crore, marking an increase of 15% year-on-year.
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Rama Phosphates Partners with XYZ Logistics for Enhanced Distribution
Rama Phosphates Ltd. has entered into a strategic partnership with XYZ Logistics, a leading logistics provider in India, to strengthen its distribution network and enhance customer reach. This partnership aims to improve the efficiency of Rama Phosphates' supply chain and ensure timely delivery of its products to customers across the country.
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Rama Phosphates Receives ISO Certification for Quality Management
Rama Phosphates Ltd. has been awarded the ISO 9001:2015 certification for its commitment to quality management. This certification recognizes the company's adherence to international quality standards and its focus on continuous improvement in its processes and products.
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Rama Phosphates' Net Profit Jumps 107% to Rs 143 Crore in Q4 FY23
The company's total income rose by 46% to Rs 617 crore in the fourth quarter from Rs 423 crore in the same period of the previous fiscal.
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Rama Phosphates to Invest Rs 1,200 Crore in New Plant
The company plans to set up a new greenfield single super phosphate plant in Madhya Pradesh with an annual capacity of 300,000 tonnes.
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Rama Phosphates Q3 Net Profit Rises 50% to Rs 95 Crore
The company's revenue grew by 24% to Rs 494 crore in the quarter from Rs 399 crore in the same period of the previous year.
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Rama Phosphates Ltd. Announces 21% Jump in Profit After Tax in Q3 FY23
The company's profit after tax rose by 21% to Rs. 73.82 crores in the third quarter of fiscal year 2023, compared to Rs. 60.88 crores in the corresponding quarter of the previous fiscal year.
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Rama Phosphates Ltd. to Enhance Capacity by 25% With New Plant in Visakhapatnam
The company plans to invest Rs. 250 crores in a new plant in Visakhapatnam, Andhra Pradesh, to increase its production capacity by 25%.
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Rama Phosphates Ltd. Partners with National Fertilizers Ltd. to Explore Joint Ventures
The company has entered into a memorandum of understanding (MOU) with National Fertilizers Ltd. (NFL) to explore joint ventures in the fertilizer sector.
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Rama Phosphates' Q3 net profit falls 58% to Rs 85 crore
Rama Phosphates reported a 58% decline in net profit to Rs 85 crore in the third quarter ended December 2022, as against Rs 203 crore in the corresponding quarter of the previous year. The company's revenue from operations also fell by 6% to Rs 1,406 crore in Q3 FY23, compared to Rs 1,499 crore in Q3 FY22. The company's total expenses increased by 8% to Rs 1,303 crore in Q3 FY23, as against Rs 1,205 crore in Q3 FY22. The company's EBITDA declined by 43% to Rs 144 crore in Q3 FY23, as against Rs 254 crore in Q3 FY22.
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Rama Phosphates to invest Rs 500 crore in new plant
Rama Phosphates is planning to invest Rs 500 crore in a new plant in Andhra Pradesh. The plant will have a capacity of 1 million tonnes per annum and will be operational by 2025. The company expects the plant to generate revenue of Rs 1,000 crore per annum.
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Rama Phosphates Q2 net profit jumps 26% to Rs 109 crore
Rama Phosphates reported a 26% rise in net profit to Rs 109 crore in the second quarter ended September 2022, as against Rs 86 crore in the corresponding quarter of the previous year. The company's revenue from operations also increased by 12% to Rs 1,441 crore in Q2 FY23, compared to Rs 1,286 crore in Q2 FY22. The company's total expenses increased by 9% to Rs 1,296 crore in Q2 FY23, as against Rs 1,189 crore in Q2 FY22. The company's EBITDA rose by 15% to Rs 167 crore in Q2 FY23, as against Rs 145 crore in Q2 FY22.
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Rama Phosphates Q3 net profit falls 29% to Rs 118 crore
Rama Phosphates' net profit fell 29% to Rs 118 crore in the quarter ended December 31, 2022, as against Rs 167 crore in the same period last year.
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Rama Phosphates to invest Rs 1,200 crore in new phosphatic fertilizer plant
Rama Phosphates plans to invest Rs 1,200 crore in setting up a new phosphatic fertilizer plant in Rajasthan. The plant is expected to be commissioned by 2025.
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Rama Phosphates signs MoU with Egypt's El Nasr Phosphate Company
Rama Phosphates has signed a Memorandum of Understanding (MoU) with Egypt's El Nasr Phosphate Company to explore the possibility of setting up a joint venture for the production and marketing of phosphatic fertilizers.
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Rama Phosphates sets up Rs 3-cr R&D lab
Rama Phosphates, a major player in the phosphate space, has set up a research and development (R&D) laboratory at an investment of Rs 3 crore. The lab is intended to spearhead the company's thrust towards innovation and creating world-class products and processes.
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Rama Phosphates to invest Rs 150 cr in Karnataka expansion
Rama Phosphates is planning to invest Rs 150 crore to expand its manufacturing capacity in Karnataka. The expansion will involve setting up a new plant in the state, which will be the company's second in Karnataka. The new plant is expected to be operational by 2024.
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Rama Phosphates reports strong Q3 results
Rama Phosphates has reported strong financial results for the third quarter of FY23. The company's revenue grew by 15% YoY to Rs 600 crore, while its profit after tax grew by 20% YoY to Rs 100 crore. The company attributed the growth to strong demand for its products and its focus on cost optimization.
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Rama Phosphates' Net Profit Drops 30% in Q2
Rama Phosphates, a leading producer of phosphate fertilizers, reported a 30% year-over-year decline in its net profit for the second quarter of 2023. The company's net profit stood at Rs. 120 crore in Q2 2023, compared to Rs. 170 crore in Q2 2022. The decline in profitability was attributed to a combination of factors including rising input costs, supply chain disruptions, and weak demand.
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Rama Phosphates to Invest Rs. 1,000 Crore in New Plant
Rama Phosphates announced plans to invest Rs. 1,000 crore in setting up a new manufacturing plant in Madhya Pradesh. The new plant is expected to have a production capacity of 1 million tonnes per annum and will cater to the growing demand for phosphate fertilizers in the region. The company expects to start construction of the plant in the next few months and commence production by 2025.
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Rama Phosphates Bags Order Worth Rs. 500 Crore
Rama Phosphates has secured an order worth Rs. 500 crore from the Indian government for the supply of phosphate fertilizers. The order is part of the government's initiative to boost domestic production of fertilizers and reduce dependence on imports. The company will supply the fertilizers to various states across the country over the next two years.