Rashtriya Chemicals and Fertilizers posts decline in Q2 net profit

State-owned Rashtriya Chemicals and Fertilizers on Thursday posted a decline of 38.17 percent in its net profit at Rs.47.94 crore for the second quarter ended September 30.

In the corresponding quarter of 2014-15, the net profit stood at Rs.77.53 crore.

The company's earnings, however, increased by 15.63 percent in the July-September time period this fiscal at Rs.2,559.39 crore as against Rs.2,213.34 crore in the year-ago period.

Expenses also mounted by 20.8 percent at Rs.2,476.61 crore during the quarter which affected the balance sheet. The company had incurred a total expense of Rs.2,050.32 crore in the second quarter of the last fiscal year.