Leading Fertilizer Company of the country, Chambal Fertilisers has declared its first quarter financial results for the fiscal year 2010-11. As per the report it has managed to register a remarkable net profit rise for this quarter under review.

The company has posted a net profit of Rs 639.7 crore for the quarter that ended in 30th June, 2010. This net profit figure has grown up by 16% in this quarter as compared to the same quarter in the last fiscal. Chambal Fertilisers has registered a net profit of Rs. 553.1 crore for the first quarter in the financial year 2009-10.

The company has informed this fact in a filing at the Bombay Stock Exchange.

Apart from that, the company has also managed to enhance its net sales during this period of time.

The net sales of the company were reported to be Rs 7,698.7 crore during the April-June quarter of fiscal year 2009-10. It has gone up to a mammoth Rs 9,514.6 crore for the same quarter in the current year.