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Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) has seen its net profit treble to Rs 91.44 crore during the fourth quarter of 2013-14 fiscal. Net profit in the same quarter of FY13 was Rs 29.11 crore.
The profit growth was mainly because of the strong performance of the chemicals segment which showed growth in profit of 205 per cent.
Income during the two quarters being reviewed stood at Rs 1,070 crore and Rs 660 crore, respectively, translating into a rise of 62 per cent.
65% dividend proposed
The board has recommended a dividend of 65 per cent (Rs 6.50 per share).
During the 2014 financial year, Deepak Fertilisers' net profit stood at Rs 244 crore versus Rs 147 crore in FY13, showing a rise of 66 per cent.
Net income during FY14 for the Pune-based company stood at Rs 3,790 crore against Rs 2,596 crore last year, a growth of nearly 46 per cent.
On the BSE, the company shares hit a high of Rs 149 before closing at Rs 140.30, a rise of 3.5 per cent.
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