Latest News | Deepak Fertilisers Shares Gain over 6 Pc After Q4 Earnings
Get latest articles and stories on Latest News at LatestLY. Shares of Deepak Fertilisers and Petrochemicals Corporation Ltd on Friday gained more than 6 per cent after the company reported over five-fold jump in consolidated net profit for March quarter 2020-21.
New Delhi, May 28 (PTI) Shares of Deepak Fertilisers and Petrochemicals Corporation Ltd on Friday gained more than 6 per cent after the company reported over five-fold jump in consolidated net profit for March quarter 2020-21.
It jumped 5.66 per cent to close at Rs 307.05 on the BSE. During the day, it gained 8.13 per cent to Rs 314.25 -- its 52-week high.
On the NSE, it closed at Rs 309, 6.47 per cent higher.
Deepak Fertilisers and Petrochemicals Corporation Ltd on Friday reported over five-fold jump in consolidated net profit at Rs 115.80 crore for March quarter 2020-21 on strong sales.
The Pune-based company had posted a net profit of Rs 22.50 crore in the same quarter of the previous fiscal year, according to a regulatory filing.
Net income rose to Rs 1,580.79 crore in the fourth quarter of 2020-21 from Rs 1,307.13 crore in the year-ago period.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)