The company announced the results during trading hours today, 25 January 2012.

Meanwhile, the BSE Sensex was up 78.01 points, or 0.46% to 17,073.78.

On BSE, 69,000 shares were traded in the counter as against average daily volume of 13,055 shares in the past one quarter.

The stock hit a high of Rs 139 and a low of Rs 133.60 so far during the day. The stock had hit a 52-week low of Rs 118.25 on 19 December 2011. The stock had hit a 52-week high of Rs 186 on 3 June 2011.

The mid-cap stock had underperformed the market over the past one month till 24 January 2012, rising 4.42% compared with the Sensex's 7.99% return. The scrip had also underperformed the market in past one quarter, falling 19.87% as against 0.33% gain in the Sensex.

The company has an equity capital of Rs 88.20 crore. Face value per share is Rs 10.

Deepak Fertilisers said that the growth in top line was driven by strong increase in both -- own manufactured fertilisers and chemicals. Own manufactured fertilizers recorded a growth of 155% to Rs 124.64 crore in Q3 December 2011 over Q3 December 2010. This was aided by improved phos acid availability, the company said. The overall fertilizers business, including outsourced fertilizers, grew 130% to Rs 276.40 crore in Q3 December 2011 over Q3 December 2010. The specialty ferlilisers business, which includes water solubles, bio-fertilisers, micro nutrients etc. registered a growth of 25% in Q3 December 2011 over Q3 December 2010, the company said in a statement. Sales of fruits and vegetables jumped 128%.

The higher capacity utilization, coupled with stronger operations and cost management and good margins on specialty fertilizers has led to better profitability in this segment, the company said. Profits in the fertilizers business galloped 574.1% to Rs 28.65 crore in Q3 December 2011 over Q3 December 2010, the company added.

The company's chemicals business grew 29% to Rs 340.49 crore in Q3 December 2011 over Q3 December 2010. Growth in chemicals business was driven both by higher volumes in technical ammonium nitrate and improved realisations, the company said. Due to an abnormal increase in ammonia prices, segment profitability for the chemicals business grew only marginally to Rs 81.59 crore in Q3 December 2011 from Rs 79.92 crore in Q3 December 2010, the company said.

Commenting on the results, Mr Sailesh Mehta, Vice Chairman and Managing Director, Deepak Fertilisers & Petrochemicals Corporation said, "Our growth in the own-manufactured fertilizers business should propel us to move forward strongly in this sector. We will steadily improve capacity utilizations in TAN over the coming quarters and consolidate market share".

Deepak Fertilisers & Petrochemicals Corporation manufactures methanol, various grades of nitric acid, iso propyl alcohol, carbon dioxide and hydrogen. It is the largest producer of iso propyl alcohol in India.