FACT declares half yearly results; registers net profit of 65 cr

The Fertilizers and Chemicals Travancore Limited (FACT) under the Chairmanship of Kishor Rungta declared half yearly results. The company’s half yearly performance is: PBIT 185 crore and net profit of 65 crore, while Q2 quarterly performance was: PBIT 143 crore and net profit of 83 crore. Rungta, who took on the mantle of CMD in February, 2019, is said to be responsible for the turnaround in the company's fortunes.