Mangalore Chemicals stock surges on 145% spike in Dec quarter profit at Rs 76 crore

Net profit of Mangalore Chemicals & Fertilizers jumped 145.16 percent to Rs 76.17 crore in the quarter ended December 2022 as against Rs 31.07 crore during the previous quarter ended December 2021.

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Shares of Mangalore Chemicals and Fertilisers climbed 8 percent in the morning session on January 31, a day after the company declared its December quarter earnings.

Net profit of Mangalore Chemicals and Fertilizers jumped 145.16 percent to Rs 76.17 crore for the quarter ended December 2022, as against Rs 31.07 crore a year back.

The company’s sales spiked 54.03 percent to Rs 1173.24 crore in the quarter ended December 2022 as against Rs 761.70 crore in the previous corresponding quarter.

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