Net profit stood at Rs 28.08 crore in the same period last year.
Net income declined to Rs 418.92 crore in July-September, from Rs 446.15 crore a year earlier.
Expenses, however, came in lower at Rs 369.13 crore in the September quarter compared to the earlier Rs 406.53 crore.
The city-based company is into the business of manufacturing and distribution of agro-chemicals.
The stock was trading down by 2.27 per cent at Rs 878 on the BSE at 1445 hours.
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