RCF Board Approves 13.40% Final Dividend Amid Record Performance for FY26

RCF Board Approves 13.40% Final Dividend Amid Record Performance for FY26​

Rashtriya Chemicals and Fertilizers Limited (RCF), a Government of India Undertaking, announced its financial results for the quarter and year ended March 31, 2026. The Board of Directors reviewed and approved the audited financial results, simultaneously recommending a final dividend of 13.40% on the paid up equity share capital for the fiscal year 2025-26.

The Board meeting, held on May 21, 2026, also saw the company's statutory auditors issue an unmodified opinion on the consolidated and standalone financial statements for the period. The final dividend recommendation of Rs. 1.34 per equity share (of Rs. 10 each) remains subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM). The declared dividend is scheduled to be paid within 30 days of its approval at the AGM.

Financial Highlights for FY2026​

The company reported robust revenue and profitability for the fiscal year ended March 31, 2026. Based on the audited statements, RCF’s consolidated financial results for the year show a marked increase in operations compared to the previous year.

The key financial metrics for the consolidated results are summarized below:


Segment revenue remains a core component of the company's earnings. The total segment revenue for the full year stood at 18,480.17 crore, with Fertilizers, Industrial Chemicals, and Trading segments contributing significantly to the top line.

Key Operational Developments and Disputes​

During the period, the company continued to manage major claims and receivables related to governmental subsidy mechanisms.

In the fertilizer sector, a substantial amount of ~217.50 crore related to differential subsidy claims from the Department of Fertilizers (DoF) remains pending for settlement by DoF as of March 31, 2026.

Furthermore, RCF has been managing a dispute regarding the gas pool account. The company maintains a receivable of ~71.39 crore from GAIL, disputing a demand of ~52.18 crore raised by GAIL. This difference stems from RCF's belief that EPMC/Spot gas is exclusively meant for urea operations and should be included in the final pool price calculation.

Technical and Corporate Actions​

The Board also approved the appointment of Mis. Diwanji & Co., Cost Accountants, as Cost Auditors of the Company for the financial year 2026-27.

In terms of significant assets, the company recorded an exceptional item of (45.10) crore during the year. This was attributed to the surrender of land measuring 7,435.96 sq. mtrs. to the Municipal Corporation of Greater Mumbai (MCGM), resulting in the recognition of a Development Rights Certificate (TDR) receivable valued at ~41.04 crore.

The consolidated financial results include the operational performance of two joint ventures: Talcher Fertilizers Limited (TFL) and Urvarak Videsh Limited (UVL). These joint ventures contribute to the company's total consolidated revenue and results.

For detailed segment-wise performance and financial statements, the company released comprehensive audited reports outlining its assets, liabilities, and cash flow movements.

RCF Stock Price Movement​

Today, Rashtriya Chemicals and Fertilizers Limited shares edged higher to close at ₹125.37, marking a gain of 0.62% for the session. The stock saw robust trading activity, with over 1.51 million shares transacted, providing volume context for the day's gains.