Deepak Fertilizers and Petrochemicals Corporation Ltd., a commodity chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021.
Q2 Results- QoQ
The company’s net profit declined 29.1% to Rs 908.2 million for the period ended September 30, 2021 as against net profit of Rs 1.28 million for the previous quarter.
Net sales dropped 5.5% to Rs 18.04 billion during the period ended September 30, 2021 as compared to Rs 19.08 billion during the previous quarter.
Q2 Results- YoY
The company’s net profit grew 14.5% to Rs 908.2 million for the period ended September 30, 2021 as against net profit of Rs 793.3 million for the prior-year quarter.
Net sales increased 27.2% to Rs 18.04 billion during the period ended September 30, 2021 as compared to Rs 14.18 billion during the prior-year quarter.
Half-Year Results- YoY
The company’s net profit grew 9.7% to Rs 2.19 billion for the 6 months period ended September 30, 2021 as against net profit of Rs 1.99 million for the prior-year 6 months period.
Net sales increased 32.4% to Rs 37.12 billion during the 6 months period ended September 30, 2021 as compared to Rs 28.04 billion during the prior-year 6 months period.
Deepak Fertilizers and Petrochemicals Corporation Ltd is engaged in the business of manufacture and selling industrial and agricultural chemicals, crop nutrients and fertilizers.