Ahmedabad-based agrochemicals player, Atul Limited has registered over 200% rise in the net profit for second quarter of the current fiscal. The company has posted standalone net profit of Rs 48.7 crore for September 2012 from Rs 16 crore in the same period last year, a company filing informed on Friday.
Company's total income increased from Rs 455 crore to Rs 543 crore for the quarter.
For the fist six months ended September 30, 2012, the company has posted net profit of Rs 86.18 crore against Rs 34.5 crore in the corresponding period last year. This indicates a growth of about 153% on year-on-year basis.
Company's life sciences chemicals segment generated Rs 181.8 crore revenues for the September 2012, against 166.4 crore in the corresponding period last year.
It may be noted that Gujarat Pollution Control Board (GPCB) had issued a notice directing the company to take remedial measures and meanwhile shutdown of manufacturing operations at Valsad on the grounds that some of the old pipelines that were installed at the site many years back to carry effluents have to be dismantled now.
On Thursday, Atul informed investors that it has restarted manufacturing operations at its Valsad site after the GPCB permitted the same.
Company shares witnessed sharp gains of close to 9% on BSE during intra-day trades at Rs 409.60 on Friday.
