RCFL FY'13 net profit up 9.6% at Rs 272 cr

Rashtriya Chemicals and Fertilizers Ltd (RCFL) today reported 9.6% increase in consolidated net profit at Rs 272.67 crore for 2012-13 fiscal during which it incurred higher expenses and financial costs.

It had clocked net profit of Rs 248.83 crore in 2011-12, the Mumbai-based firm said in a filing to the BSE.

Although the total income rose to Rs 6,894.63 crore in 2012-13, from Rs 6,433.71 crore in the previous fiscal, but the company's expenses and financial cost remained higher.

Financial cost increased to Rs 92.68 crore from Rs 49.33 crore, while the company's expenditure rose to Rs 6,523.22 crore from 6,177.05 crore last fiscal.

During the fourth quarter of 2012-13 ended on March 31, the company's standalone net profit rose by 3.5% to Rs 117.52 crore, from Rs 113.52 crore in the same quarter last fiscal.

Its total income in Q4 declined, however, to Rs 2,176.23 crore from Rs 2,494.20 crore.

The company has a urea production capacity of 20 lakh tonne. It also produces industrial chemicals that are used for the manufacture of dyes, solvent, leather, pharmaceuticals and a host of other industries.

RCFL scrip fell 5.43% to close at Rs 40.05 on the BSE.