United Phosphorous posts poor Q2 results; Net profit dips 68%

United Phosphorous posts poor Q2 results; Net profit dips 68%Mumbai-headquartered United Phosphorus Ltd has posted a net profit after tax (PAT) of Rs 22 crore for the second quarter ended September 30, 2009, down 68% as against Rs 69 crore for the quarter ended September 30, 2008.

Further, company’s total income has also dropped from Rs 687.65 crore for the quarter ended September 30, 2008 to Rs 587.37 crore for the quarter ended September 30, 2009.

During the period, the Group has posted consolidated net profit after tax of Rs 102.33 crore for the quarter ended September 30, 2009 compared with Rs 122.04 crore for the quarter ended September 30, 2008.

Total income has decreased from Rs 1,164.84 crore for the quarter ended September 30, 2008 to Rs 1,161.03 crore for the quarter ended September 30, 2009.

United Phosphorus Limited engages in the manufacture and sale of agrochemicals, industrial chemicals, chemical intermediates, and specialty chemicals worldwide.

The scrip of United Phosphorous closed today at Rs 153, down 3% on BSE.