Atul Ltd net up 200%, stock zooms

Ahmedabad-based agrochemicals player, Atul Limited has registered over 200 per cent rise in the net profit for second quarter of the current fiscal. The company has posted standalone net profit of Rs 48.7 crore for September 2012 from Rs 16 crore in the same period last year, a company filing informed on Friday. Company's total income increased from Rs 455 crore to Rs 543 crore for the quarter. For the fist six months ended September 30, 2012, the company has posted net profit of Rs 86.18 crore against Rs 34.5 crore in the corresponding period last year. This indicates a growth of about 153 per cent on year-on-year basis. Atul Ltd’s life sciences chemicals segment generated Rs 181.8 crore revenues for the September 2012, against Rs 166.4 crore in the corresponding period last year.