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Deepak Fertilisers and Petrochemicals Corporation has reported a net profit of Rs 40.26 crore for Q3 FY11.
The PAT for the corresponding quarter of the last fiscal was Rs 52.86 crore, but included exceptional gain of Rs 25.71 crore arising from sale of surplus land in the same period. Income from operations was marginally up to Rs 375.03 crore (Rs 366.84 crore).
The company's own manufactured component of the sales grew 20 per cent year on year. The chemicals business registered a growth of 23 per cent to hit Rs 262.96 crore. Sales for the fertiliser business were Rs 120.27 crore, a dip of 24 per cent mainly because the trading component was hit on account of lower prices for bulk fertilisers like MOP.
Mr Sailesh C. Mehta, Vice-Chairman and Managing Director, said, “The thrust in the coming months will be on improving and consolidating its position in its chemicals business, especially in Technical Ammonium Nitrate. We are now looking for strong growth opportunities in sectors like agri and food, mining and chemicals for our next phase.”
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