• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Hyderabad , April 27

Nagarjuna Fertilisers and Chemicals Ltd (NFCL) has registered a significant growth of over 126 per cent in net profit for the fiscal ended March 2006, while sales improved by nearly 15 per cent.

According to the audited financial results taken on record by the board here on Thursday, the company achieved a sales of Rs 1,452.95 crore as against Rs 1,266.39 crore in the previous fiscal, other income of Rs 20.44 crore (Rs 17.67 crore) and a net profit of Rs 66.86 crore (Rs 29.53 crore). This has yielded an EPS of Rs 1.56 (Rs 0.70) on an expanded equity of Rs 427.96 crore (Rs 416.61 crore).

During the year, the company allotted 1.11 crore equity shares of Rs 10 each at par to the shareholders of erstwhile Nagarjuna Palma India Ltd, which was amalgamated with the company effective October 1, 2004 following the scheme of amalgamation approved by the Andhra Pradesh High Court.

Responding the auditors' comments on the value of investments in subsidiary companies — NPCL and JESCO — the NFCL Vice-Chairman and Managing Director, Mr K.S. Raju, said, "The investments in subsidiary companies are long-term investments as the projects are long gestation projects and accordingly diminution in value, if any, is considered temporary."

More Stories on : Fertilisers

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
India Infoline net doubles

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line