Omkar Speciality Chemicals posts 31.67% Y-o-Y topline growth during Q4; net up 60.66% at Rs.4.78 crore Web Newswire (22/05/2012)
Omkar Speciality Chemicals Limited (OSCL) reported a net profit of Rs. 4.78 crore for the quarter ended March 31, 2012 as against a net profit of Rs. 2.97 crore for the quarter ended March 31, 2011, OSCL said in a filing to the BSE. This corresponds to 60.66% growth in bottom line.
Net sales of OSCL stood at Rs. 41.00 crore for the quarter ended March 31, 2012, as against Rs.31.14 crore for the corresponding quarter in the previous fiscal.
Consolidated net profit of OSCL for the year ended March 31, 2012 stood at Rs 16.00 crore, as against Rs. 10.18 crore for the previous year.
Commenting on the results, Mr. Pravin S. Herlekar, Chairman & MD, Omkar Speciality Chemicals Limited said, “Our company registered a strong growth for the year with the specialty chemicals and API intermediate business growing in excess of 55%. Our Exports have grown from Rs 11.48 Crs in F.Y 2010-11 to Rs.26.08 crore in F.Y 2011-12, registering a whooping growth of 127.18%.”