 "Deepak Fertilisers posts over five-fold jump in Q4 profit at Rs 116 cr")
Deepak Fertilisers and Petrochemicals Corporation Ltd on Friday reported over five-fold jump in consolidated net profit at Rs 115.80 crore for March quarter 2020-21 on strong sales.
The Pune-based company had posted a net profit of Rs 22.50 crore in the same quarter of the previous fiscal year, according to a regulatory filing.
Net income rose to Rs 1,580.79 crore in the fourth quarter of 2020-21 from Rs 1,307.13 crore in the year-ago period.
Expenses were higher at Rs 1,401.78 crore from Rs 1,284.70 crore.
The company's board has recommended a dividend of Rs 7.50 per equity share for 2020-21 subject to approval of shareholders.
Shares of the company settled 5.66 per cent higher at Rs 307.05 apiece on BSE.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app