Net sales during the period grew 52 per cent to Rs 338.75 crore for the quarter against Rs 223.44 crore posted in the corresponding quarter in the previous year.
The net profit for the year 2007-08 stood at Rs 100.27 crore as compared to Rs 92.93 crore of the previous year.Total revenues for the financial year 2007-08 jumped to Rs 1,081.31 crore from Rs 869.43 crore of the previous year, a growth of 24 per cent.
"The company is now clearly poised on a strong growth path. Our robust market relationships have enabled us earn strong margins especially in the chemical sector supporting the booming mining sector. Our Iso Propyl Alcohol product is now firmly established as a market leader," S C Mehtha, vice chairman and managing director.
The total revenue from fertiliser stood at Rs 298.16 crore in FY08. Fertilisers contributed 28 per cent to the topline of the company, with the specialty fertilisers business doubling. The Chemicals business grew 36 per cent in FY08 over FY07, with revenue at Rs 760.92 crore. The Realty segment, which began with partial operations in the year, has registered an income of Rs 4.57 crore for FY08 including lease rentals from property income and Ishanya, India's largest Design Centre and Specialty Mall, he added.
