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Nirma Q4 net up 116 per cent

Our Bureau

Mumbai , June 29

NIRMA Ltd registered a 116 per cent rise in net profit for the quarter ended March 31, 2005 at Rs 108.09 crore compared to Rs 50.76 crore for the previous corresponding quarter. Total income (net of excise) increased to Rs 466.32 crore (Rs 453.66 crore). The company posted a net profit of Rs 284.65 crore for the year ended March 31, 2005 as compared to Rs 246.8 crore in 2003-04. Total income increased to Rs 1,852.34 crore (Rs 1,754.01 crore).

The group had posted a net profit of Rs 281.93 crore for the year as compared to Rs 250.45 crore last year. Total income stood at Rs 2,112.16 crore (Rs 2,004.81 crore).

The board of directors recommended 50 per cent dividend for the year.

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