India's Deepak Fertilisers slides on June quarter earnings fall

Deepak Fertilisers and Petrochemicals

27/07/2023 07:02

** Shares of Deepak Fertilisers and Petrochemicals Corp
 DPFE.NS  fall as much as 2.62% to 538 rupees, a near two-month
low
    ** Slide after the industrial chemicals and fertilisers
maker posts its worst fall in profit in over four years, dragged
by sales decline
    ** DPFE's consolidated net profit in June quarter down 74.6%
to 1.1 bln rupees, revenue from operations fall 23.7%
year-on-year
    ** Trading volume is 915,073 shares as of 11:24 a.m. IST,
similar to the 30-day avg - Refinitiv data
    ** DPFE down 24.27% in 2023 so far compared to 9.06% rise in
benchmark Nifty 50 index  .NSEI 

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