Aarti Industries Q4 up nearly 27% at Rs 28.24 crore

Board recommended dividend of 30%, thereby taking total dividend of the year to 70%

Aarti Industries today reported a 26.75% increase in its standalone net profit at Rs 28.24 crore for the fourth quarter ended March 31, 2012 on account of robust growth across all the segments.

The chemical manufacturing company had posted a net profit of Rs 22.28 crore for the same period previous fiscal.

Total standalone income of the company stood at Rs 466.77 crore for the quarter ended March 31, 2012 as against Rs 435.44 crore for the corresponding period year ago, Aarti Industries said in a statement.

The company's board of directors have recommended a final dividend at the rate of Rs 1.50 per share, for the financial year 2011-2012, Aarti Industries said.

Consolidated net profit of the company for the year ended March 31, 2012 rose to Rs 90.03 crore from Rs 66.91 crore for the previous financial year.

Consolidated total income of the company stood at Rs 1,673.31 crore for 2011-12 against Rs 1,453 crore in 2010-11.

Commenting on the results Aarti Industries Vice Chairman & MD Rajendra Gogri said:
"The growth was lead by good performance across the segments. The board has recommended final dividend of 30 percent - thereby making a total dividend of 70% for the year."

Shares of Aarti Industries today closed at Rs 67.50 on BSE, up 3.13% from its previous close.