Diversified fertilizers player, Deepak Fertilizers and Petrochemicals Corporation Ltd announced its financial results for the quarter ended December 31, 2012 with total revenues going up by 60 per cent to Rs 601.49 crore from Rs 375.03 crore in the corresponding period during fiscal 2010-11.
The company said, the growth was driven by strong increase in both self manufactured fertilisers and chemicals.
For the same period, the company’s profit after tax (PAT) rose by 23 per cent to Rs 49.65 crore against Rs 40.26 crore in the corresponding period of the previous year.
"Our growth in the own-manufactured fertilisers business should propel us to move forward strongly in this sector. We will steadily improve capacity utilisation in TAN over the coming quarters and consolidate market share," said Sailesh Mehta, vice chairman and managing director, Deepak Fertilizers and Petrochemicals Corporation Ltd.
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