Rashtriya Chemicals shares down nearly 4% post Q2

Shares of Rashtriya Chemicals and Fertilisers today fell by nearly 4 per cent after the company reported fall in net profit for the quarter ended September 30, 2016.
The stock ended with a loss of 3.67 per cent at Rs 40.70 on BSE. During the day, it declined 4.14 per cent to Rs 40.50.
On NSE, it fell by 3.89 per cent to settle at Rs 40.75.
Rashtriya Chemicals and Fertilisers on Friday reported a marginal fall in net profit at Rs 43.42 crore for the quarter ended September 30.
Its net profit stood at Rs 45.61 crore in the year-ago period, the company said in a regulatory filing.

Income from operations fell to Rs 1,772.13 crore in the second quarter of this fiscal from Rs 2,403.31 crore in the corresponding quarter of the previous year.
The company's tax expenses fell to Rs 23.99 crore from Rs 34.77 crore, while finance cost reduced to Rs 13.54 crore from Rs 31.24 crore during the period under review.