United Phosphorus Q2 net profit doubles to Rs 120 cr

United Phosphorous  , a generic crop protection, chemicals and seeds company, more than doubled its consolidated net profit to Rs 120 crore in the second quarter of FY13 from Rs 57 crore in a year ago period but overall disappointed the street.

Even its consolidated total income rose lower than expected 4.7% year-on-year to Rs 1,856 crore during the quarter.

Analysts on an average had expected net profit of Rs 168 crore on total income of Rs 2,050 crore for the quarter.

Initially when the results announced the stock fell over 2 percent but later on it bounced back with gain of 0.5 percent amid volatility, at 14 hours IST.

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal 

Head Dealer 

DENIP Consultants Pvt Ltd