Leading edible oil maker KS Oils today reported a 22 per cent per cent dip in consolidated net profit for the March quarter to Rs 36.6 crore as interest expenses more than doubled to Rs 51.22 crore.
The company had recorded a Rs 47.03 crore net profit for the same quarter of the previous fiscal, it said in a filing to the Bombay Stock Exchange (BSE).
KS Oils had paid Rs 25.05 crore towards interest in 2008-09.
Total income of the company grew by 20 per cent to Rs 1,079.16 crore during the quarter compared to Rs 898.96 crore in the corresponding quarter of the previous fiscal.
Year-on-year, however, K S Oil's net profit increased to Rs 180 crore compared to Rs 165.39 crore in 2008-09.
Total income grew to Rs 4,081 crore against Rs 3,168.18 crore in the previous fiscal.
A leader among the Indian mustard oil-makers, KS Oils enjoys a 11 per cent share in the overall market and a dominant 25 per cent share in the branded segment.
