Deepak Fertilizers Q4 net up multi-fold on better realisation

Deepak Fertilizers and Petrochemicals Corporation described a increased net financial gain in the March quarter…

Deepak Fertilizers and Petrochemicals Corporation described a increased net financial gain in the March quarter at ₹116 crore because of to increased production and greater realisation, against ₹22 crore logged in the very same time period previous year.

Revenue for the quarter below assessment was up 22 for each cent at ₹1,575 crore (₹1,293 crore).

The company has announced a dividend of ₹7.fifty for each equity share.

Sailesh C Mehta, Chairman and Taking care of Director, claimed the industrial substances, mining substances and fertilisers overall performance has now been validated by their seamless integration with the India expansion tale.

The company has plenty of headroom for capacity growth and excellent expansion prospective buyers in several years to come.

The harmony capex designs once carried out will vastly solidify the powerful foundations of the company and aid maintain and enhance sectoral management designed in excess of the earlier forty several years, he included.