Deepak Fertilisers Reports 16% Decline in Q4 Net Profit

Deepak Fertilisers and Petrochemicals Corporation Ltd reported a 16% decline in consolidated net profit to Rs 214.79 crore for Q4 FY2024, compared to Rs 254.88 crore in the same period last year. Total income also fell to Rs 2,158.56 crore from Rs 2,810.73 crore. For the full fiscal year 2023-24, net profit and total income also significantly decreased.

Deepak Fertilisers and Petrochemicals Corporation Ltd has posted 16 per cent decline in consolidated net profit to Rs 214.79 crore for the quarter ended March 2024.

Its net profit stood at Rs 254.88 crore in the year-ago period.

Total income fell to Rs 2,158.56 crore in the quarter from Rs 2,810.73 crore in the year-ago period, according to a regulatory filing on Wednesday.

During 2023-24, the company's net profit declined to Rs 442.51 crore from Rs 1,210.10 crore in the preceding year. Total income fell to Rs 8,798.85 crore from Rs 11,384.71 crore.