Surya Roshni’s net profit stood at Rs28.94 crore in the fourth quarter ended 31 March 2010
Electric resistance welding pipes and lighting equipment maker Surya Roshni said its net profit grew 38.66% to Rs40.13 crore in the fourth quarter ended 31 March 2011, over the corresponding period a year ago.
The company had a net profit of Rs28.94 crore in the same period last fiscal, Surya Roshni said in a filing to the Bombay Stock Exchange (BSE).
Total income increased to Rs738.99 crore in the quarter under review from Rs503.87 crore in the same period last year.
For the year ended March 2011, its consolidated net profit jumped up to Rs67.47 crore from Rs45.17 crore in the 12-month period last fiscal.
Consolidated total income surged to Rs2,532.92 crore in the year under review from Rs1,938.93 crore an year ago.
The board recommended a final dividend of Rs1.5 per equity share of Rs10 each for the year under review.
The board appointed Arvind Kumar Bansal, deputy managing director (operation & corporate management), as chief financial officer of the company in place of SN Bansal.
Surya Roshni functions as a conglomerate with the largest ERW pipe manufacturing plant, a large cold rolling strip mill at Bahadurgarh (Haryana).
It has two lighting units one each at Kashipur (UP) and Malanpur (MP) producing a wide range of fluorescent lamps and metal halide lamps.
The company also markets a wide range of luminaries and accessories, high mast lighting systems, lighting poles, decorative poles and MCBs.
Shares of Surya Roshni were trading at around Rs95 on the Bombay Stock Exchange in the late afternoon, 0.52% down from the previous close.
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