Public sector fertiliser company Rashtriya Chemicals and Fertilizers (RCF) has posted a 39 per cent increase in net profit for the quarter ending March 31, 2011, on account of higher sales and better inventory management.
The company clocked Rs 96 crore in net profit for the quarter, while in the same year-ago quarter, the net profit was Rs 69 crore.
Net sales
Net sales rose 15 per cent to Rs 1,619 crore (Rs 1,400 crore).
For the fiscal year ending March 31, 2011, the company achieved a net profit of Rs 245 crore, an increase of 4 per cent over the previous year (Rs 234 crore), while the net sales dipped by 2 per cent to Rs 5,507 crore from Rs 5,642 crore.
The company's board has recommended a payment of final dividend at Rs 1.10 per equity share of Rs 10.
On Tuesday, the stock closed at Rs 81.60 on the BSE, marginally lower than the previous close of Rs 81.70.