Mangalore Chemicals and Fertilisers Ltd (MCFL) on Saturday reported a 38 per cent decline in its net profit at Rs 15.11 crore for the quarter ended March.
Its net profit stood at Rs 24.45 crore in the year-ago period.
Total income, however, rose to Rs 602.73 crore in the fourth quarter of the last fiscal from Rs 567.82 crore in the corresponding period of the previous year, MCFL said in a regulatory filing.
For the full 2020-21 fiscal, net profit increased to Rs 67.6 crore from Rs 64.7 crore in the previous year.
Total income fell to Rs 2,170.72 crore in 2020-21 from Rs 2,734.06 crore in the previous year.
(Only the headline and picture of this report may have been reworked by the PRESS24 NEWS staff; the rest of the content is auto-generated from a syndicated feed.)
PRESS24 NEWS has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to PRESS24 NEWS.
Disclaimer: This post has been auto-published from an agency/news feed without any modifications to the text and has not been reviewed by an editor.