Shares of Fertilisers and Chemicals Travancore Ltd (FACT) rose up to 3 percent on Friday after the company reported an 88 percent year-on-year (YoY) rise in net profit for the September quarter.
However, the stock pared some of its gains amid profit booking at higher levels. It was trading at Rs 811.45 per share, up 1.19 percent, at around 2 pm.
The company reported a net profit of Rs 39.28 crore for the quarter, compared with Rs 20.9 crore in the corresponding period last year, marking an increase of 87.9 percent.
Revenue from operations declined 10.2 percent YoY to Rs 1,463.7 crore from Rs 1,629.3 crore.
EBITDA rose to Rs 98.4 crore from Rs 39.5 crore in the year-ago period. EBITDA margin improved to 6.7 percent from 2.4 percent a year earlier.