Rashtriya Chemicals and Fertilisers Ltd (RCF) has rallied 13% to Rs 45.65 after reporting 30% year on year (yoy) increase in net profit at Rs 152 crore for the fourth quarter ended on March 31, despite decrease in income. The state-owned company had profit of Rs 118 crore in the same quarter year ago.
Total operational income during the quarter under review decreased to Rs 1,922 crore from Rs 2,110 crore in the year-ago period, while total expenditure declined by 12.4% to Rs 1,702 crore on yoy basis.
The stock opened at Rs 42.90 and hit a 52-week high of Rs 46.35 on the BSE. The counter has seen huge trading activity with a combined 2.82 million shares changing hands till 0935 hours on the BSE and NSE.
Total operational income during the quarter under review decreased to Rs 1,922 crore from Rs 2,110 crore in the year-ago period, while total expenditure declined by 12.4% to Rs 1,702 crore on yoy basis.
The stock opened at Rs 42.90 and hit a 52-week high of Rs 46.35 on the BSE. The counter has seen huge trading activity with a combined 2.82 million shares changing hands till 0935 hours on the BSE and NSE.
