Deepak Fert Q1 net zooms 71%

Deepak Fertilisers and Petrochemicals Corporation today reported a 71% increase in net profit at Rs 22.62 crore for the quarter ended June 30, 2005 as against Rs 13.20 crore in the quarter ended June 30, 2004.

The company declared an interim dividend of 30%, including 5% special dividend for silver jubilee year celeberations, an official release said today.

Total income from operations increased to Rs 138.27 crore in Q1FY06 from Rs 111.96 crore in Q1FY05, the release added.

C K Mehta, chairman of Deepak Fertilisers, said the company would reposition its fertiliser business as an integrated agri-business segment offering a total nutrient basket along with agro-advisory services.

"The company will also be positioned as a total solutions provider in chemicals, mining and agri-sectors by leveraging our technology base and knowledge-driven sales and marketing," he added.