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Deepak Fertilisers and Petrochemicals reports higher sales, plans to diversify

9:39 AM MDT | August 13, 2013 | Natasha Alperowicz

Deepak Fertilisers and Petrochemicals Corp. (DFPCL; Pune, India) reports a 17% rise sales in the quarter ended 30 June, to 7.3 billion Indian rupees ($121.6 million), compared with the corresponding quarter of 2012. Profit before tax was 6% lower, at Rs596.8 million, and profit after tax also declined 6%, to Rs427.3 million. Profits were impacted by currency fluctuations and workers strike at the company’s Taloja, India, plant in the first two months of the quarter. The strike ended on 2 June. DFPCL’s agrobusiness recorded a 26% rise, to...

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