Deepak Fertilizers Reports 43.2% Decline in Q3 Consolidated Net Profit
Deepak Fertilizers and Petrochemicals Corporation reported consolidated net profit of ₹1.42 billion for the third quarter, representing a 43.2% decline from ₹2.50 billion in the same quarter of the previous year. The significant drop of ₹1.08 billion in absolute terms highlights challenging operating conditions for the fertilizers and petrochemicals manufacturer during the reporting period.
*this image is generated using AI for illustrative purposes only.
Deepak Fertilizers and Petrochemicals Corporation has reported a substantial decline in its third quarter consolidated net profit, reflecting challenging market conditions for the fertilizers and petrochemicals sector.
Financial Performance Overview
The company's financial results for the third quarter show a marked deterioration in profitability compared to the same period in the previous year.
| Financial Metric: | Q3 Current Year | Q3 Previous Year | Change (%) |
|---|---|---|---|
| Consolidated Net Profit: | ₹1.42 billion | ₹2.50 billion | -43.2% |
Year-on-Year Comparison
The consolidated net profit of ₹1.42 billion represents a significant decrease from the ₹2.50 billion recorded in the corresponding quarter of the previous fiscal year. This decline of ₹1.08 billion in absolute terms translates to a percentage decrease of 43.2% year-on-year.
The substantial reduction in net profit indicates that Deepak Fertilizers faced operational challenges during the quarter, though the specific factors contributing to this decline were not detailed in the available financial data.
Company Profile
Deepak Fertilizers and Petrochemicals Corporation operates in the fertilizers and petrochemicals manufacturing sector, serving both domestic and international markets. The company's business encompasses various chemical products and fertilizer solutions.
16
