Godavari Fertilisers net soars to Rs 17 cr

The board, which met here today to approve the audited financial results, has also recommended a 10 per cent dividend after a four-year gap.

The company's profits are based on an increased turnover of Rs 1,200.05 crore registering a growth of 34 per cent as compared to Rs 897.08 crore in the year 2003-04. Other income during the year was 11.41 crore, which is 77 per cent higher than that of the previous year.

The company's earnings per share has recorded a growth of 138 per cent to Rs 5.34 per share as compared to Rs 2.24 in the previous year.

According to a press release, the company, despite challenges, has increased the total production by 10 per cent to 888,447 tonnes as compared to 806,807 tonnes in the previous year.