Chemicals maker Deepak Nitrite on Monday posted nearly fourfold jump in its consolidated net profit to Rs 156.71 crore for the third quarter of the current financial year, on robust sales.
It had clocked a net profit of Rs 39.70 crore during the October-December quarter of the previous financial year, according to a BSE filing.
The company's net income on a consolidated basis jumped significantly to Rs 1,134.52 crore during the third quarter of 2019-20 as compared with Rs 767.72 crore in the year-ago.
Expenses rose to Rs 923.71 crore in the December 2019 quarter from Rs 767.72 crore a year ago, the filing added.
Deepak Nitrite CMD Deepak C Mehta said, "Our profitability increased manifold."