GSFC reports 97% fall in Q1 net at Rs 5.54 crore
GSFCL today reported sharp decline in net profits by 97 per cent to Rs 5.54 crore for the first quarter ended on June 30 due to fall in sales.
By PTI | Updated:
NEW DELHI: Gujarat State Fertiliser and Chemicals Ltd (GSFCL) today reported sharp decline in net profits by 97 per cent to Rs 5.54 crore for the first quarter ended on June 30 due to fall in sales.
The company had posted net profit of Rs 172.71 crore in the April-June quarter of the 2012-13 fiscal.
Total Q1, 2013-14 income of the company decreased by 39 per cent to Rs 1,017.98 crore, from Rs 1,411.84 crore in the year-ago period, the company said in a filing to the BSE.
Gujarat government owned GSFCL has a product mix ranging from more than 24 brands of fertilisers to petrochemicals, chemicals, industrial gases, plastics, fibers and other products.
GSFC's joint venture manufacturing plant of Phosphoric Acid in Tunisia has also become operational during the quarter.
The company had posted net profit of Rs 172.71 crore in the April-June quarter of the 2012-13 fiscal.
Total Q1, 2013-14 income of the company decreased by 39 per cent to Rs 1,017.98 crore, from Rs 1,411.84 crore in the year-ago period, the company said in a filing to the BSE.
Gujarat government owned GSFCL has a product mix ranging from more than 24 brands of fertilisers to petrochemicals, chemicals, industrial gases, plastics, fibers and other products.
GSFC's joint venture manufacturing plant of Phosphoric Acid in Tunisia has also become operational during the quarter.
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