Mangalore Chem delivers stellar Q4 results, stock surges Mangalore Chemicals and Fertilizers Limited (MCF), the largest manufacturer of chemical fertilizers in Karnataka, announced its fourth-quarter results for the financial year 2022-23 on Tuesday. The company posted a net profit of Rs 67.9 crore, a whopping 1840% increase from Rs 3.5 crore in the same quarter last year. Revenue from operations also rose by 62% to Rs 1,163 crore from Rs 719 crore in Q4 FY22. Key highlights of Q4 results MCF sold 3.28 lakh tonnes of fertilizers in Q4 FY23, up 18% from 2.78 lakh tonnes in Q4 FY22. The company benefited from the government’s subsidy scheme for urea and complex fertilizers, which helped reduce its working capital requirements and interest expenses. The company’s board recommended a dividend of Rs 1.50 per share for FY23. Stock performance and valuation The stock of MCF closed at Rs 98.45 on Tuesday, up 6.7% from its previous close of Rs 92.30. The stock has gained over 36% in...