Mumbai, Nov 9 (PTI) Mangalore Chemicals and Fertilizer on Tuesday reported a 28.57 per cent decline in its net profit to Rs 28.97 crore for the September 2021 quarter.

The company's net profit had stood at Rs 40.56 crore during the corresponding period of the previous fiscal, Mangalore Chemicals and Fertilizer said in a BSE filing.

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Its revenue from contracts with customers during July-September 2021 went up by 5.67 per cent to Rs 727.81 crore, compared with Rs 688.73 crore in the year-ago period.

Shares of Mangalore Chemicals and Fertilizer on Tuesday closed at Rs 630.75 apiece, up 0.89 per cent on the BSE. HRS hrs

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(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)