Comments
Aditya Birla Chemicals (India) Ltd (ABCL) today reported over 90 per cent fall in net profit at Rs 0.74 crore for the fourth quarter ended March 31, due to higher expenditure and tax expenses.
The company had posted the net profit of Rs 7.85 crore in the same period in the year 2012-13.
Total income during January-March quarter of the year 2013-14 increased to Rs 281.74 crore from Rs 211.80 crore during same period in previous year, the company said in a BSE filing.
Profits of the company were down during the quarter as its tax expenses jumped to Rs 14.03 crore in fourth quarter of year 2013-14 from Rs 1.85 crore in the same period in the year 2012-13.
That apart, the company’s total expenditure increased to Rs 244.88 crore as against Rs 182.86 crore in the review period.
However, the company net profit for the entire fiscal 2013-14 more than doubled to Rs 49.74 crore from Rs 19.64 crore in 2012-13.
Profits were up as company’s total income increased by 33 per cent to Rs 1,066.16 crore during 2013-14 from Rs 802.89 crore in the year 2012-13.
Board of the company has recommended dividend of Rs 1.50 per share at the rate of 15 per cent on the paid up equity share of Rs 10 each.
Shares of the company were today down by 0.72 per cent to Rs 193.50 apiece on the BSE today.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.