Chemicals firm SRF Ltd has reported a 4 per cent decline in its consolidated net profit at Rs 124 crore for the quarter ended March.
Its net profit stood at Rs 129 crore in the year-ago period, the company said in a statement.
Total income rose to Rs 1,625.30 crore in the fourth quarter from Rs 1,442.37 crore in the corresponding period of the previous year.
For the full last financial year, SRF's net profit fell by 10 per cent to Rs 462 crore from Rs 515 crore in 2016-17.
Total income increased to Rs 5,753.67 crore in the 2017-18 fiscal from Rs 5,182.05 crore in the previous year.
SRF's Managing Director Ashish Bharat Ram said: "While this has been a reasonably good quarter on the operations front, the recovery in the agrochemicals sector is taking longer than expected. We expect things to start looking up only towards the end of this calendar year."
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