Financial Daily from THE HINDU group of publications
Tuesday, May 03, 2005
Financial Daily from THE HINDU group of publications Tuesday, May 03, 2005 |
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Corporate Results
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Paints Goodlass Nerolac Q4 PAT up 42% Our Bureau
Mumbai , May 2 GOODLASS Nerolac Paints Ltd has ended the March 2005 quarter with a 42 per cent increase in profit after tax at Rs 18.89 crore as against Rs 13.31 crore in the year-ago period. "The right mix of products, manufacturing excellence initiatives, research and development efforts and other operational efficiency measures have resulted in good bottom line growth," the company said in a news release. Total revenues for the quarter stood at Rs 244.65 crore, higher by 10.7 per cent. The board has recommended a dividend of 115 per cent. For the full year, net profits stood at Rs 91.96 crore (Rs 57.96 crore). Total revenues for the year grew by 15.6 per cent to Rs 1069.02 crore. The growth in revenueswas on the back of good business in automobile coatings, complemented by architectural business, the company said. "With the capacity expansion of the Jainpur facility and commercial production commissioned at the greenfield project at Bawal, we are looking ahead at another year, which will have us performing to industry standards and meeting customer needs," Mr H. M. Bharuka, Managing Director, said in the release.
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