Net profit of Oswal Chemicals & Fertilizers declined 13.93% to Rs 19.83 crore in the quarter ended March 2008 as against Rs 23.04 crore during the previous quarter ended March 2007. Sales declined 40.97% to Rs 24.06 crore in the quarter ended March 2008 as against Rs 40.76 crore during the previous quarter ended March 2007.