Chambal Fertilisers (CHMB) reported a decent results despite challenges in the agriculture sector. Higher fertiliser volumes and improvement in the shipping division led to an EBITDA of Rs 2.5bn ( 7.3% YoY). Lower other income resulted in an APAT of Rs 1.3bn (-8%). However, the company reported net loss of Rs 1.6bn, as it provided Rs 3bn towards the diminution of investments in the IT business in the US.