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HomeNewsBusinessEarningsDeepak Fertilizers sees over 3-fold jump in Q2 net profit to Rs 80.55 crore

Deepak Fertilizers sees over 3-fold jump in Q2 net profit to Rs 80.55 crore

Net income for the September quarter rose to Rs 1,418.47 crore from Rs 1,181.47 crore in the year-ago period.

November 03, 2020 / 19:07 IST
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Deepak Fertilizers and Petrochemicals on November 3 posted an over three-fold jump in its consolidated net profit to Rs 80.55 crore for the second quarter of the current fiscal on higher income.

The company had posted a net profit of Rs 25.50 crore in the same quarter of the previous financial year, according to a regulatory filing.

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Net income for the September quarter rose to Rs 1,418.47 crore from Rs 1,181.47 crore in the year-ago period.

Expenses remained higher at Rs 1,306.42 crore as against Rs 1,151.61 crore in the same period a year ago.