DFPCL posts highest-ever profits

(Article first published in Maharashtra Herald)

PUNE: Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL) registeres its highest ever Profit Before Tax (PBT) of Rs. 112.46 crore, on total revenue of Rs. 500.95 crore for the year ending March 31, 2005. Net profit for the year FY 05 rose by 14 per cent to Rs. 79.75 crore against Rs. 69.72 crore in the previous financial year.

Debt cost reduced to an average of 7.4 per cent, from 10.99 per cent, owing to the repayment of high cost debts. For Q4 FY05, sales were eight per cent higher, at Rs. 144.74 crore, against Rs. 134.44 crore for the corresponding quarter of FY04.

The Chemicals segment of the company's business remained the primary growth driver for the financial year under review.

Commenting on the results, managing director, Sailesh Mehta said, "We have re-looked at our operational and manpower efficiencies and introduced ERP systems to ensure integrated and efficient enterprise-wide information and decision making".

He added, "The company is now poised to achieve global standards of productivity and efficiency. A manpower rationalization exercise has reduced the total headcount by 26 per cent".

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