Deepak Fertilisers Sees Significant Drop in Fourth Quarter Earnings

Deepak Fertilisers and Petrochemicals Corporation Ltd announced a 50% decline in its net profit for the March quarter, falling to Rs 139.39 crore. This fall was attributed to increased costs, which significantly impacted the company's financial performance despite an 11% increase in total income to Rs 3,017.46 crore during the same period.

Compared to the previous year, when the company had reported a net profit of Rs 277.86 crore, this downturn highlights challenges in the market, such as global supply chain disruptions and elevated costs due to ongoing geopolitical tensions. S C Mehta discussed difficulties concerning crop nutrition and industrial chemicals, noting that the firm's strategic focus remains on long-term business stability amid external volatility.

(With inputs from agencies.)