DFPCL Q2 Profit Surges on Strong Sales, Appoints New CFO
Deepak Fertilisers and Petrochemicals Corporation (DFPCL) reported a 3-fold jump in Q2 profit to Rs 214.07 crore, driven by robust sales. The company also announced Subhash Anand as its new President and CFO, effective December 1.
New Delhi, Oct 29 (PTI) Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) reported a more than three-fold surge in second-quarter profit at Rs 214.07 crore on Tuesday, driven by strong sales growth across its business segments.
The fertiliser maker's consolidated net profit stood at Rs 63.45 crore in the same quarter in the previous fiscal year.
Revenue from operations rose 12.7 per cent to Rs 2,753.59 crore, while total expenses increased 5.5 per cent to Rs 2,454.92 crore.
Separately, the company said it has appointed Subhash Anand, currently serving as President (Strategy), as its new President and Chief Financial Officer effective December 1.
Shares of DFPCL closed 11.1 per cent higher at Rs 1,256.05 apiece on the BSE.
The fertiliser maker's consolidated net profit stood at Rs 63.45 crore in the same quarter in the previous fiscal year.
Revenue from operations rose 12.7 per cent to Rs 2,753.59 crore, while total expenses increased 5.5 per cent to Rs 2,454.92 crore.
Separately, the company said it has appointed Subhash Anand, currently serving as President (Strategy), as its new President and Chief Financial Officer effective December 1.
Shares of DFPCL closed 11.1 per cent higher at Rs 1,256.05 apiece on the BSE.
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