MCFL Q1 profit up 40 pc to Rs 61.6 cr
PTI
New Delhi, Jul 28 (PTI) Mangalore Chemicals and Fertilizers Ltd (MCFL) on Monday posted a 40.38 per cent jump in net profit to Rs 61.63 crore during the June quarter on higher sales.
The company had reported a net profit of Rs 43.90 crore in the year-ago period, according to a regulatory filing.
Total revenue rose 5.89 per cent to Rs 862.15 crore during the April-June period of 2025-26 from Rs 814.04 crore a year earlier.
Expenses rose to Rs 786.39 crore from Rs 752.56 crore during the said period.
MCFL, the largest manufacturer of chemical fertilisers in Karnataka, has an annual production capacity of 3,80,000 tonne of urea and 2,85,000 tonne of Di-Ammonium Phosphate (DAP) and complex fertilisers.
MCFL's primary markets are in southern India, some industrial chemicals are distributed pan-India and exported. PTI LUX TRB
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
30 minutes ago
- India Today
Boost for e-sports, ban on real-money games: Key features of Online Gaming Bill
The Lok Sabha on Wednesday passed the Promotion and Regulation of Online Gaming Bill, 2025, marking a major move aiming to reshape India's digital gaming landscape. The legislation seeks to balance the nation's rapid technological growth with public safety, banning harmful real-money games while promoting e-sports and educational the Bill, Union Minister for Electronics & IT, Ashwini Vaishnaw said India is poised to become a 'global hub of creative and innovative game development.' He added that while technology has revolutionised lives under Prime Minister Narendra Modi's leadership, its misuse must be curbed to protect youth and FEATURES OF THE BILL 1. Promotion of E-Sports - E-sports are formally recognised as a competitive sport.- The Ministry of Youth Affairs & Sports will set up training academies, research centres, and tech platforms.- Incentive schemes and integration into the national sports policy will bolster the ecosystem. 2. Encouragement of Social and Educational Games- The Central Government will categorise and register age-appropriate, safe games.- Special focus on games with educational, cultural, and skill-development value.- Campaigns will promote gaming's role in digital literacy and constructive engagement. 3. Total Ban on Real-Money Online Games- A blanket ban on offering, advertising, or facilitating fantasy sports, rummy, poker, online lotteries, or betting apps.- Financial institutions are barred from processing related transactions.- Platforms that violate the law can be blocked under the IT Act, 2000. 4. Establishment of Online Gaming Authority - A national-level regulator will be formed to monitor and register online games. - The Authority will have powers to issue guidelines, enforce compliance, and handle complaints. 5. Stringent Penalties for Violations - Offering money games: up to 3 years imprisonment and/or Rs 1 crore fine. - Advertising money games: up to 2 years imprisonment and/or Rs 50 lakh fine. - Transactions linked to banned games: up to 3 years imprisonment and/or Rs 1 crore fine. - Repeat offenders face up to 5 years jail and Rs 2 crore fine. - All key offences are cognisable and non-bailable. 6. Corporate Liability - Company officers are held accountable unless due diligence is proven. - Independent directors uninvolved in decisions are exempt from liability. 7. Enforcement and Security Provisions - The Bill addresses addiction, financial losses, suicides, and the use of platforms for money laundering and terror financing. - Enforcement officers are empowered to search, seize, and arrest without a warrant. - Aligned with laws like the Bharatiya Nyaya Sanhita, 2023 and Bharatiya Nagarik Suraksha Sanhita, 2023. 8. Rule-Making Powers The government is authorised to frame rules on:advertisement - E-sports promotion - Development of educational and cultural games - Registration and categorisation of games - Gaming Authority protocols and powersMeanwhile, government sources told India Today that 'the government isn't mincing words, these platforms aren't just games. They're psychological traps leading to addiction, financial ruin, and in some tragic cases, suicide.' Officials cited real-money gaming platforms as breeding grounds for money laundering, terror financing, and digital scams, with unregulated cross-border cash flows posing serious national security government also noted that several Members of Parliament had raised concerns from their constituencies, reporting cases of individuals falling into debt and even taking their own lives due to the addictive nature of online money the legislation as a 'balanced growth strategy for Digital India,' the government stated that the Bill aims to safeguard citizens from the psychological, financial, and social harms of real-money the same time, it aims to stimulate innovation, enhance digital literacy, and give a structured push to India's creative economy, positioning the country as a global leader in responsible Online Gaming Bill, 2025 thus sets a clear direction: while India champions the potential of games as tools of learning, sport, and expression, it is drawing a firm line against platforms that endanger the well-being of its citizens.- EndsMust Watch
India Today
30 minutes ago
- India Today
Why Putin's delegation used cash to refuel jets during Trump summit
Russian President Vladimir Putin's delegation had to pay nearly USD 250,000 (about Rs 2.2 crore) in cash to refuel three aircraft during a high-stakes summit with US President Donald Trump in Alaska on August 15, US Secretary of State Marco Rubio told NBC News that the unusual payment was a direct consequence of US banking sanctions against Moscow, which prevent Russian officials from using the American financial system. 'When the Russians landed in Alaska, they were there to refuel. They had to offer to pay in cash to refuel their aeroplanes because they can't use our banking system,' he face consequences every single day, but the bottom line is that it has not altered the direction of this war. That doesn't mean those sanctions were inappropriate; it means it hasn't altered the outcome of it," he added. Putin and his team remained in Alaska for nearly five hours, attending a nearly three-hour meeting with Trump. While Trump later stated that 'no deal' or ceasefire agreement had been reached, reports indicate Russia presented a proposal that Trump encouraged Ukraine to meeting Putin, Trump met with Ukrainian President Volodymyr Zelenskyy and European leaders in Washington on Monday to discuss lasting security guarantees for Kyiv. Zelenskyy said he was willing to hold direct talks with Putin but rejected any deal involving territorial defended the existing sanctions' regime, saying all measures imposed before Trump took office remain intact and continue to exert daily pressure on Russia. However, he acknowledged that these penalties have not significantly altered the course of the conflict. 'Sanctions take months and sometimes years to bite,' he said, arguing that additional sanctions could jeopardize ongoing diplomatic efforts to bring both sides to the negotiating table.- EndsTune InMust Watch
Time of India
an hour ago
- Time of India
Arunachal pollution control board holds public hearing for 1,200 MW Kalai-II hydroelectric project
1 2 3 4 Itanagar: The Arunachal Pradesh State Pollution Control Board (APSPCB) on Wednesday conducted a public hearing for environmental clearance to the proposed 1,200MW Kalai-II hydroelectric project in Anjaw district, being developed by THDC India Limited. The hearing, chaired by Anjaw DC Millo Kojin, saw the participation of women and child development minister Dasanglu Pul, THDC officials and over 350 project-affected persons (PAFs) from 33 villages. Pul, recalling that her late husband and former CM Kalikho Pul had initiated survey work for Kalai-I and II in 2009, said she was glad to see his vision nearing reality. Urging locals to back the project, she cited Uttarakhand's Tehri dam as an example of the benefits of large hydropower infrastructure. She also assured that 50% of the project's employment opportunities would be reserved for land-affected families, besides boosting self-employment and entrepreneurship in the region. With an investment of nearly Rs 14,000 crore, Kalai-II is expected to generate free power worth Rs 318 crore annually after commissioning, while contributing Rs 2.2 crore every year to the Local Area Development Fund. Officials said the project, one of 13 stalled hydro schemes revived last year through MoAs signed with four central PSUs, will create around 1,700 direct jobs and spur development through roads, healthcare, education and allied services. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Indonesia (Prices May Surprise You) Container House | Search ads Search Now Undo During the hearing, APSPCB officials explained the clearance process, while THDC and its consultant WAPCOS Ltd presented details of the project's environmental impacts and proposed mitigation measures. While most speakers backed the project, concerns were raised by some over land rates, compensation, employment and the local area development. Summing up, DC Kojin assured villagers that their suggestions would be reflected in the minutes and proposed exposure visits for two representatives from each affected village to Uttarakhand's Tehri dam. THDC officials assured that the company would address genuine concerns in line with rules and guidelines. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
