ALSO READDeepak Fertilisers net profit up 118 pc in Q4 FY17 Deepak Fertilisers expands portfolio under Mahadhan brand Deepak Fertilisers gains after getting pending subsidy payment Deepak Fertilisers crawls up after acquisition Deepak Fertilisers reports Q3 results with surge in PAT to Rs. 46.62 crore
Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) has reported a 16 per cent decline in consolidated net profit at Rs 37.70 crore for the first quarter ended June 30, 2017. Its net profit stood at Rs 45.06 crore in the year-ago period, the Pune-based company said in a regulatory filing. Total income grew by 19 per cent to Rs 1,283.30 crore in the quarter under review from Rs 1,078.05 crore in the year- ago period. DFPCL's CMD Sailesh C Mehta said the performance has been encouraging with better volumes and higher capacity utilisation. "Monsoons in most of our core markets have been good and as compared to past couple of years, there has been a healthy demand for farm inputs, especially complex fertilisers.
Apropos normal rains, we are optimistic about a better performance during the upcoming rabi season too," he said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)