Increasing fertilizer subsidy unlikely to boost companies' profits: Report - ChiniMandi

New Delhi: Despite the latest hike in subsidy rates by the central government, the gross profit of fertiliser manufacturers is unlikely to increase compared to the previous financial year 2024-25, brokerage firm Anand Rathi has asserted. The brokerage firm has argued that the significant increase in global retail market prices and depreciation of the rupee are the major reasons behind the forecast. Anand Rathi said that the previous estimates sh…