Deepak Fertilizers sees over 3-fold jump in Q2 net profit

The company had posted a net profit of Rs 25.50 crore in the same quarter of the previous financial year, according to a regulatory filing. Net income for the September quarter rose to Rs 1,418.47 crore from Rs 1,181.47 crore in the year-ago period.

Deepak Fertilizers and Petrochemicals on Tuesday posted an over three-fold jump in its consolidated net profit to Rs 80.55 crore for the second quarter of the current fiscal on higher income. The company had posted a net profit of Rs 25.50 crore in the same quarter of the previous financial year, according to a regulatory filing.

Net income for the September quarter rose to Rs 1,418.47 crore from Rs 1,181.47 crore in the year-ago period. Expenses remained higher at Rs 1,306.42 crore as against Rs 1,151.61 crore in the same period a year ago.

Shares of the company were trading at Rs 151 apiece on BSE, up 1.21 per cent over previous close..