Deepak Fertilizers & Petrochemicals Corporation, the producers of industrial chemicals and fertilizers, witnessed a fall in share price on Friday after it announced a drop in standalone net profit for the quarter ended March 2015. During the quarter, the profit of the company declined 70.22% to Rs 272.30 million from Rs 914.40 million in the same quarter previous year.
Total Income for the quarter declined 11.65% to Rs 9,309.60 million, compared with Rs 10,537.50 million for the prior year period.
Shares of the company are trading at Rs 129.30, down Rs 3.75, or 2.82% at the Bombay Stock Exchange (BSE) on Friday at 10:40 a.m.
Total volume of shares traded on the bourses today was lower by 11.45% to 70,034 compared with 22-day average volume of 79,089.