Deepak Fertilisers and Petrochemicals Corporation Ltd on Friday reported over five-fold jump in consolidated net profit at Rs 115.80 crore for March quarter 2020-21 on strong sales.
The Pune-based company had posted a net profit of Rs 22.50 crore in the same quarter of the previous fiscal year, according to a regulatory filing.
Net income rose to Rs 1,580.79 crore in the fourth quarter of 2020-21 from Rs 1,307.13 crore in the year-ago period.
Expenses were higher at Rs 1,401.78 crore from Rs 1,284.70 crore.
The company's board has recommended a dividend of Rs 7.50 per equity share for 2020-21 subject to approval of shareholders.
Shares of the company settled 5.66 per cent higher at Rs 307.05 apiece on BSE.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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