GSFC Q1 net up 15 pc at Rs 142.64 crore

State-run GSFC today posted a 15 per cent increase in its net profit at Rs 142.64 crore for the quarter ended September 30 on account of increase in sales.
The company had clocked a net profit of Rs 124.31 crore in the year-ago period.
Net sales during July-September quarter of the current financial year rose to Rs 1,762.18 crore from Rs 1,481.60 crore a year ago, as per company's BSE filing.
"Our performance was good in the second quarter mainly due to higher sale of DAP fertiliser," Gujarat State Fertilizers and Chemicals Ltd (GSFC) Managing Director S K Nanda said.

Shares of the company today closed at Rs 69.40 apiece on BSE today, down by 0.36 per cent.