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State-run Rashtriya Chemicals and Fertilisers' net profit more than halved to Rs 40.04 crore despite higher sales during the second quarter ended September 30, 2013-14.
The company had clocked net profit of Rs 82.87 crore in the July-September quarter of last fiscal, 2012-13.
However, total income in Q2, 2013-14 increased by 10.35% to Rs 1,820.03 crore, from Rs 1,649.36 crore in the year-ago period, the company said in a filing to the BSE.
RFC profits declined as expenses rose to Rs 1,756.68 crore from Rs 1,538.23 crore during the period under review.
Besides, finance cost also rose to Rs 16.84 crore from Rs 13.96 crore in the period under review.
RFC scrip fell by 2.11% to close at Rs 32.40 on the BSE.
