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State-run Rashtriya Chemicals and Fertilisers (RCF) today reported 31.28% decline in net profit to Rs 4.48 crore in the first quarter ended June 30 due to lower income and increase in finance cost.
The company had clocked a net profit of Rs 6.52 crore in the same quarter a year ago.
Total income decreased by three% to Rs 1,455.24 crore during the April-June period of this financial year from Rs 1,502.51 crore in the same period last year, the company said in a filing to the BSE.
Profits of the company declined as finance costs of the company increased to Rs 29.59 crore from Rs 24.39 crore during the period under review.
As of now, RCF has two active fertiliser plants in Talchar and Trombay with combined capacity of 2.72 million tonnes.
The shares of the company rose by 1.48% to Rs 27.45 a piece on the BSE today.
