India's Deepak Fertilisers falls on slide in Q4 earnings

Deepak Fertilisers and Petrochemicals

18/05/2023 07:49

** Shares of Deepak Fertilisers and Petrochemicals Corp Ltd
 DPFE.NS  fall as much as 4.49% to 568.85 rupees
    ** Co reports 9% Y/Y slide in Q4 profit, dragged by higher
costs
    ** Core profit falls to 4.70 bln rupees from 5.02 bln rupees
a year ago; core profit margin contracts to 16.78%
    ** Revenue rises 39%, but the sales gains offset by 53% jump
in total expenses
    ** About 620,700 shares change hands as of 12:11 p.m. IST,
1.5 times the 30-day avg - Refinitiv data    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))