India's Deepak Fertilisers up 7% on rise in Q3 profit

Deepak Fertilisers and Petrochemicals

02/02/2023 10:01

** Shares of Deepak Fertilisers and Petrochemicals Corp 
 DPFE.NS  rise as much as 6.97% to 674.70
    ** The rise comes after the chemicals and bulk fertilisers
maker reported rise in net profit and revenue in the third
quarter
    ** Core profit jumped to 4.61 bln rupees, compared to 3.52
bln rupees in the same period, a year ago
    ** Strong operational performance, dominant market position
and robust cashflows aided the earnings, said Sailesh Mehta,
Chairman and Managing Director of the company
    ** Chemicals segment saw a revenue growth of 37% while
fertilisers segment jumped 47% in Q3
    ** About 1.20 mln shares change hands, as of 3:26 p.m. IST,
nearly twice the 30-day avg of 634,732 shares
    ($1 = 81.6970 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))