 "Deepak Fertilisers net profit jumps 14% in first quarter")
Profit after tax - known as net profit - stood at Rs 45.33 crore this quarter as against Rs 39.85 crore in the corresponding quarter of the previous financial year. The total income of the company grew by 13% in Q1 of 2015-16 to Rs 1,072.18 crore.
Profit before tax also recorded a growth 16.65% to Rs 65.34 crore in the first quarter.
"Profit for the quarter is inclusive of dividend income of Rs.27.50 crores, received from its subsidiary SCM Soilfert Limited," the company said in its statement.
According to the company, performance for the quarter continued to be affected by stoppage of domestic gas supply leading to shut down of its fertilizer plant. However, the current quarter witnessed better performance in chemicals (such as acids) and trading of fertilizers.
"In the quarters to come, we expect to witness better performance in each segment of our business in expectations of fair government policies," said Sailesh C Mehta, chairman & managing director, DFPCL.