Deepak Fertilisers Q2 net up 3-fold at Rs 805.5 mn
Source: IRIS | 04 Nov, 2020, 06.17PM
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Deepak Fertilizers & Petrochemicals Corporation, the producers of industrial chemicals and fertilizers on Tuesday registered an over three-fold jump in its consolidated net profit to Rs 805.5 million for the second quarter ended September 2020 on higher income.
The company had posted a net profit of Rs 255 million in the same period a year ago. Consolidated revenue for the September quarter rose to 22% to Rs 14,042 million from Rs 11,507 million in the year-ago period.
Expenses remained higher at Rs 13,064.2 million as against Rs 11,516.1 million in the same period a year ago.
Shares of the company declined Rs 3.05, or 2.06%, to trade at Rs 145.30. The total volume of shares traded was 21,123 at the BSE (12.51 p.m., Wednesday).
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