Chambal Fertilisers and Chemicals today posted 20 per cent rise in net profit at Rs 109.53 crore for the quarter ended September 30.
The company had clocked net profit of Rs 91.65 crore in the year-ago period, Chambal said in a filing to the BSE.
Its Q2, 2012-13 net sales rose 43 per cent to Rs 2,339.62 crore, from Rs 1,638.17 crore in the same period last fiscal.
Chambal’s total expenses increased by 45 per cent to Rs 2,200.33 crore in Q2, from Rs 1,521.33 crore in the same period of 2011-12 fiscal.
The company said it made an investment of Rs 11.68 crore in its wholly owned subsidiary CFCL Overseas Ltd, Cayman Islands, during the second quarter.
“During the period, Single Super Phosphate (SSP) plant of the company at Gadepan has commenced production,” it added.
That apart, the other income of the company includes profit on sale of ship amounting to Rs 10.95 crore, it said.
Apart from fertilisers, Chambal is also into agri-inputs, shipping textiles, software and infrastructure.
The company’s scrip was trading 1.85 per cent up at Rs 68.80 at 1505 hrs from its previous close at the BSE.