Deepak Fertilisers And Petrochemicals Corp. Ltd. First Half Profits Up

Deepak Fertilisers And Petrochemicals Corp. Ltd. (DFPCL) profit before tax for first half of the current year has gone up by 24% as compared to that of the previous year. While lower fertiliser trading volumes brought the top line figure marginally lower at Rs.272.92 cores against Rs.282.73 crore, the company was able to improve its profit before tax at Rs.33.97 core from Rs.27.50 core. This was due to better performance of industrial chemicals. The performance of traded fertilisers segment was affected due to changes in government policy on price concessions scheme, inadequate gas supply and delayed monsoon. Prepayment of institutions' loans helped reduce interest cost.

The Company continues to implement various energy saving measures, which has helped improving overall performance of the Plant as also Company's bottom line.

For further information contact:
Vivek Y. Kelkar
Vice President - Communication
Tel: 91-20-2668 4155
Fax: 91-20-2668 5994
E-mail: vykelkar@deepakfertilisers.com

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