Gujarat State Fertilisers Q3 Net Up 2% at Rs 103 Crore

New Delhi: Gujarat State Fertilisers and Chemicals Ltd (GSFC) on Tuesday reported a 2 per cent rise in net profit at Rs 103.47 crore for the quarter ended December 2014.

The company had posted a net profit of Rs 101.20 crore for the corresponding quarter a year ago.

Net sales, however, fell to Rs 1,309.39 crore during the third quarter of this fiscal year as against Rs 1,458.40 crore in the corresponding quarter of the previous year, GSFC said in a filing to the BSE.

Despite lower sales, GSFC was able to post profit as its expenditure too declined to Rs 1,194 crore during October- December quarter against Rs 1,359 crore in the previous year.

Its finance cost also came down to Rs 4.31 crore from Rs 14.08 crore during the quarter under review.