NCL Industries Limited, a city-based company engaged in the manufactuing of cement, cement bonded particle boards and prefab houses, has recorded a net profit of Rs 1crore on a sales of Rs 71.93 crore for the fiscal 2002-03, as against a net profit of Rs 2.74 crore on a sales of Rs 73.83 crore in the previous year.
The fall in net profit during the just-concluded year is attributed to the decline in cement price realisation.However, the company improved its profitability signifcantly during the fourth quarter with higher dispatches and better price realisation. It helped the company post a net profit of Rs 2.28 crore for the quarter, compared with a net loss of Rs 1.16 crore for the nine-month period ended December 2002.
The company produced 2.40 lakh tonnes of cement during fiscal 2002-03, as against a production of 1.96 lakh tonnes in the previous year. This was made possible with the expnasion of the installed capacity of the cement plant to 2.97 lakh tonnes per annum. The company plans to produce at full capacity during the current year by increasing the grinding mill capacity with marginal investment on blancing equipment.
NCL industries has improved the margins in the cement bonded particle boards divion despite a marginal fall in sales. Interest burden for the company has come down to Rs 5 crore during 2002-03 from that of Rs 6 crore in the previous year.
