Deepak Fertilisers Q1 net profit down 16% at Rs 37.7 cr

Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) has reported a 16 per cent decline in consolidated net profit at Rs 37.70 crore for the first quarter ended June 30, 2017.

Its net profit stood at Rs 45.06 crore in the year-ago period, the Pune-based company said in a regulatory filing.

Total income grew by 19 per cent to Rs 1,283.30 crore in the quarter under review from Rs 1,078.05 crore in the year- ago period.

DFPCL's CMD Sailesh C Mehta said the performance has been encouraging with better volumes and higher capacity utilisation.

"Monsoons in most of our core markets have been good and as compared to past couple of years, there has been a healthy demand for farm inputs, especially complex fertilisers.

Apropos normal rains, we are optimistic about a better performance during the upcoming rabi season too," he said.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)