Deepak Fertiliserst Q2 net profit up 11.8% at Rs 45.44cr
The company had clocked a net profit of Rs 40.64 crore in the same quarter previous year. Total income of the company during the July-September, 2013 quarter rose to Rs 990.10 crore from Rs 690.69 crore in the same period last year.
October 24, 2013 / 21:42 IST
Deepak Fertilisers and Petrochemicals Corporation Ltd today posted 11.8 percent increase in net profit at Rs 45.44 crore for the second quarter ended on September 30 on higher income.
The company had clocked a net profit of Rs 40.64 crore in the same quarter previous year. Total income of the company during the July-September, 2013 quarter rose to Rs 990.10 crore from Rs 690.69 crore in the same period last year.Revenue from chemicals segment of the company grew by 55 percent from last year's level to Rs 370.75 crore, while income from agri-business segment rose by 33 per cent from last year's level to Rs 450.53 crore, company said in a statement. Commenting on the results, DFPCL Chairman and Managing Director Sailesh Mehta said: "In spite of the continuing adverse economic conditions, the company achieved substantial capacity utilisation for all its key products."Also Read: UPL Q2 net profit up 29% at Rs 154.63 crHe added that the expected stability of Indian currency and improvement in economic environment should help the company in improving profitability in the coming quarters. The company has presence in agri business, mining chemicals, industrial chemicals and value added real estate.The company's shares fell by 1.76 per cent to settle at Rs 105.80 apiece on the BSE today. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
