Shares of Chambal Fertilisers hit a day high of Rs 388.20 on 3 November, before it declared a Rs 5 dividend and posted its Q2 results.

Chambal Fertilisers and Chemicals Limited sent its board outcome to the exchanges at 4:36 pm, after trading had ended.

The board approved an interim dividend of Rs 5 on every share. Each share has a face value of Rs 10, so the dividend equals 50% of that.

The money goes out on or before 2 December. Shareholders on the company’s register on 11 November, the record date, qualify.

The fertiliser maker also reported its July to September numbers. Revenue rose 9.1% to Rs 6,999.5 crore, from Rs 6,413 crore a year earlier.

Profit went the other way. Net profit fell 2.6% to Rs 632 crore, against Rs 649 crore in the same quarter last year.

Operating profit, which leaves out interest, tax and accounting charges, rose 7% to Rs 901 crore. The margin still eased to 12.9% from 13.1%.

In simple terms, the firm earned about Rs 12.90 in operating profit on every Rs 100 of sales, down from Rs 13.10 a year ago.

Shareholders have already seen one payout this year. They approved a dividend of Rs 6 a share at the annual general meeting on 1 September.

In October, the company also agreed to buy a 26% stake in a power project company for Rs 6 crore.

Management will walk analysts through the figures at 9:45 am on 4 November.

The call was moved up from 11 am, and Managing Director Abhay Baijal and Chief Financial Officer Anuj Jain are among those taking part.

On the NSE, Chambal Fertilisers shares closed at Rs 381.70, up by Rs 13.45 or 3.65%, after opening at Rs 374.

Even with the gain, it is still down about 21.4% over the past year. Its market value stands at roughly Rs 15,293 crore.

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