GSFC Q2 net profit up 23%

State-owned Gujarat State Fertilizers and Chemicals Limited (GSFC) on Wednesday reported a 23% rise in net profit for the second quarter of the current financial year.

GSFC posted a net profit of Rs 124 crore for the quarter-ended September 2014, a statement issued by the company said. It registered a rise of 22.77% in net profit as against Rs 101 crore for the corresponding quarter of the previous fiscal.

The statement further said that the company achieved the highest turnover in the second quarter over the last five years. Its sales turnover for the second quarter stood at Rs 1,482 crore as against Rs 1418 crore in the corresponding period of the previous financial year.