Aditya Birla Chemicals Q4 net profit jumps more than two-fold

Aditya Birla Chemicals (India) Ltd today reported over two-fold jump in its net profit to Rs 7.84 crore for the fourth quarter ended March 31, 2013.

The company had posted a net profit of Rs 3.06 crore in the year-ago period.

Total income increased by 26 per cent to Rs 211.80 crore in the fourth quarter of 2012-13 fiscal from Rs 168.21 crore in the corresponding period of previous fiscal year, Aditya Birla Chemicals said in a filing to the Bombay Stock Exchange.

During the full 2012-13 fiscal year ended March 31, 2013, the net profit of the company jumped over four fold to Rs 19.64 crore from Rs 4.29 crore in the previous financial year.

Total income from the operations increased by 31 per cent to Rs 802.89 crore in the 2012-13 fiscal year from Rs 614.54 crore in 2011-12.

The board also announced the dividend of 10 per cent per share on the paid up equity share of Rs 10 each. Shares of the company today closed 3.01 per cent higher at Rs 85.50 on the BSE.