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IFFCO: Debt levels stay elevated even as profits go up
Sep 14:
Like with many fertilizer companies, IFFCO's total debt/OPBDITA ratio continued to remain elevated at 6.2x at the end of FY2020 though it is better than 7.1x at the end of FY2019. This is because the company posted higher profits even as debt levels increased marginally to Rs. 14,844.6 crore at the end of FY2020 as against Rs. 14,407.2 crore at the end of FY2019.
8The working capital borrowings of the society remain elevated due to the delay in the subsidy receipts from government of India
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8The working capital borrowings of the society remain elevated due to the delay in the subsidy receipts from government of India
Click on Reports for more.
