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Chambal Fertilisers and Chemicals Ltd (CFCL) today reported 46.61% increase in its net profit at Rs 112.98 crore for the first quarter ended June 30, on account of increase in sales.
The company had clocked net profit of Rs 77.06 crore in the April-June quarter of 2012-13 fiscal.
Total income of CFCL increased by 24% in the first quarter to Rs 1,689.62 crore of the current fiscal from Rs 1,365.65 crore in the last fiscal, the company said in a filing to the BSE.
Profits of CFCL, part of KK Birla group were up as its sales increased to Rs 1,687.21 crore from Rs 1,364.63 crore during the period under review.
During the quarter the company has further invested Rs 20.84 crore in its wholly-owned subsidiary CFCL Overseas Ltd, Cayman Islands.
In the beginning of financial year 2013-14, the company had signed a Memorandum of Understanding (MoU) with ONGC for setting up a fertiliser unit in Unakoti district in Tripura.
Shares of the company were up by 2.65% to Rs 34.90 apiece in the late afternoon trade on the BSE today.
