Omkar Speciality Q4 profit surges 60.6% City Bank (22/05/2012)
Omkar Speciality Chemicals (OSCL) announced Monday it has posted 60.67% growth in net profit after of Rs 47.78 million for the quarter ended March 31, 2012, as compared to Rs 29.74 million in the same period last year.
Total income has increased 31.67% from Rs 311.41 million for the quarter ended March 31, 2011 to Rs 410.03 million for the quarter ended March 31, 2012.
Commenting on the results, Pravin S. Herlekar, chairman & MD, Omkar Speciality Chemicals 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 114.8 million in F.Y 2010-11 to Rs 260.8 million in F.Y 2011-12, registering a whooping growth of 127.18%.''
For the year ended Mar. 31, 2012, the company has posted 57.13% increased in consolidated net profit of Rs 160 million as compared to Rs 101.82 million for the year ended March 31, 2011.
Total consolidated income has increased 56.38% from Rs 1.06 billion for the year ended March 31, 2011 to Rs 1.66 billion for the quarter ended March 31, 2012.
Shares of the company declined Rs 0.95, or 1.4%, to trade at Rs 67.05. The total volume of shares traded was 4,569 at the BSE (12.48 p.m., Tuesday).”