Chambal Fertilisers & Chemicals today reported a 36 per cent growth in net profit at Rs 64.61 crore for the second quarter ended September 30.
However, net sales of the K K Birla Group company declined by 44 per cent to Rs 957.48 crore during the quarter from Rs 1,728.98 crore of the same period last year, Chambal Fertilisers said in a filing to the Bombay Stock Exchange (BSE).
Net sales during the quarter are lower due to reduction in the turnover of traded products, principally on account of steep reduction in volume and prices of di-ammonia phosphate (DAP), the company added.
For the half-year period ended September 30, the company posted a net profit of Rs 119.92 crore, a rise of 68 per cent over that in the same period last fiscal.
Shares of Chambal Fertilisers were trading at Rs 55.90, down 0.62 per cent in the afternoon trade on the BSE.