Comments
State-run Gujarat State Fertilisers Corporation (GSFC) today reported a 23 per cent increase in its net profit at Rs 124.31 crore for the quarter ended September 30, 2014 on account of increase in income.
The company had clocked a net profit of Rs 101.34 crore in the year-ago period.
Total income from operations during July-September quarter rose to Rs 1,482 crore from Rs 1,418 crore in the year-ago period, GSFC said in a statement.
Commenting on the results, GSFC Managing Director Atanu Chakraborty said: “We were able to increase our revenues and profit despite shutdown in the plant and I am confident that in the coming quarters, our bottom line and top line will further go upwards.”
The company shares were trading down 11.97 per cent at Rs 106.30 on the BSE in the afternoon session.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.