Deepak Fertilisers topline grows 18 per cent

Mumbai, May 18 (UNI) Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) reported an 18 per cent growth in its net sales at Rs 562.86 crore in FY 06 as against Rs 478.17 crore in FY 05, stated a release issued here today.

Profit before tax stood at Rs 111.70 crore and PAT at Rs 79.77 crore. The Board of Directors of the company have declared a dividend of 30 per cent for FY 06.

For Q4 FY 06, sales stood at Rs 170.16 crore, up from Rs 144.74 crore for the corresponding quarter in the previous financial year. Net profit for the period stood at Rs 26.83 crore as against Rs 27.69 crore for the previous corresponding period in FY 05.

Profits did not move in line with sales largely due to the rise in outsourced products, which were necessitated by lower production and the need to maintain marketshare and customer loyalty, pointed out the release.

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