Urea sales from new capacity boosts performance Chambal reported a strong 4QFY19 on the back of the newly commissioned Urea plant in Gadepan-3. Sales/EBITDA/Adj. PAT growth came in at 147.0/458.5/415.7% YoY to ` 26.1/4.1/2.4bn respectively. Gross margin contraction was due to higher RM prices, margins contracted by 730 bps YoY. The company reported a PAT of ` 919mn on account of an exceptional item of ` 1.97bn, which arose as the Ministry of Chemicals has not paid the...