Latest News | Deepak Fertilisers Q3 Net Profit Jumps 4-fold

New Delhi, Jan 29 (PTI) Deepak Fertilisers and Petrochemicals on Wednesday posted a more than four-fold jump in consolidated net profit to Rs 253.09 crore in the December quarter on robust sales.

The company had logged a net profit of Rs 60.53 crore in the year-ago period.

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Total income rose 39 per cent to Rs 2,591.58 crore during the third quarter of the 2024-25 fiscal, from Rs 1,863.76 crore a year ago, according to a regulatory filing.

Expenses remained higher at Rs 2,290.79 crore against Rs 1,767.16 crore in the said period.

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According to the company, long-term debt has increased by Rs 192 crore due to the capital expenditures for the projects. However, the short-term debt has improved due to better working capital efficiency.

Two projects with a capex of Rs 4,500 crore are underway, it added.

Shares of the company settled 15.91 per cent higher at Rs 1,296.85 apiece on the BSE.

(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)