Rashtriya Chemicals and Fertilizers (RCF), one of the leading producers of fertilizers, witnessed a sharp decline in share price on Friday after it reported a substantial drop in standalone net profit for the quarter ended March 2015. During the quarter, the profit of the company declined 56.54% to Rs 662.60 million from Rs 1,524.70 million in the same quarter previous year.
Total income for the quarter rose 5.41% to Rs 20,257.30 million, compared with Rs 19,217.90 million for the prior year period.
Shares of the company are trading at Rs 58.45, down Rs 2.75, or 4.49% at the Bombay Stock Exchange (BSE) on Friday at 10:47 a.m.
Total volume of shares traded on the bourses today was higher by 67.98% to 470,217 compared with 22-day average volume of 279,923.