Rashtriya Chemicals and Fertilisers (RCF) today reported a fall of 80% in its net profit to Rs 3.96 crore for the first quarter ended June 30, 2011.
The company had posted a net profit of Rs 19.78 crore in the year-ago period, it said in a filing to the Bombay Stock Exchange (BSE).
Net sales of RCF for the first quarter of the current financial year rose by 10% to Rs 868.36 crore as compared to Rs 791.34 crore in the same quarter of the previous fiscal.
The city-based public sector undertaking (PSU) produces various grades of complex fertilisers at its two manufacturing units in Thal and Trombay in Maharashtra.
Shares of RCF today closed at Rs 75.75, down 3.56% from previous close on the BSE.
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