V-Guard Industries Ltd has registered a 70 per cent growth in PAT in the fourth quarter of FY 12 at Rs 19.17 crore against Rs 11.29 crore in the corresponding period of the previous fiscal.
The net turnover for the last quarter was Rs 276.46 crore, an increase of 24 per cent from Rs 222.35 crore in the corresponding quarter.
The PAT for the fiscal year 2011-12 was Rs 50.80 crore, which is 28 per cent up over the PAT of Rs 39.70 crore, without considering exceptional profit achieved during the previous year.
The gross revenue from operations was Rs 1,006.53 crore, an increase of 36 per cent from Rs 737.47 crore for the previous year.
Considering the improved profit, the board of directors recommends payment of dividend at the rate of 35 per cent, Rs 3.50 a share.
Mr Mithun K Chittilappilly, Managing Director, said that margins for the quarter under review has improved mainly due to better product mix and cost control measures implemented by the company.
The demand for all the product verticals was good and contributed to the robust sales growth.