Mangalore Chemicals & Fertilisers Ltd recorded an around 127% increase in net profit to Rs33.8 crore for the second quarter ended 30 September on higher sales.
The company, which predominantly deals in the fertiliser segment, had recorded Rs14.9 crore net profit during the year-ago period, it said in a regulatory filing.
Net sales of the company during the July-September period stood at Rs1,021.9 crore, compared to Rs609.9 crore during the corresponding period one-year ago.
On Tuesday, Mangalore Chemicals shares ended 15.6% higher at Rs40 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.9% to 19,983 points.
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