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MCFL net profit at Rs 8 cr in Oct-Dec qtr


Mangalore Chemicals and Fertilizers Ltd (MCFL) today reported a net profit of Rs 7.73 crore for the third quarter on higher sales.

It had posted a net loss of Rs 3.63 crore in the year-ago period.

Net sales of the firm increased to Rs 550.22 crore the quarter review from Rs 514.96 crore a year ago, the company said in a regulatory filing.

Its expenses also rose to Rs 516.14 crore from Rs 496.10 crore in the the corresponding quarter last fiscal.

MCFL has a urea plant near Mangalore port with an annual capacity of about four lakh tonnes three lakh tonnes of phosphatic fertilisers.

(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)