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Mumbai, Jan 29

Rashtriya Chemicals and Fertilisers Ltd (RCFL) has reported a marginal decline in net profit for the third quarter of the current fiscal to touch Rs 60.10 crore against Rs 64 crore in the corresponding quarter of the last fiscal. Income during the quarter however increased to Rs 1,379.16 crore during the quarter from Rs 951.90 crore during the year-ago period. The marginal decline in net profit was due to the fact that a provision for deferred tax liability of about Rs 6 c rore had to be made during the quarter ended December 31, 2007.

— Our Bureau

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