The company recorded a turnover of Rs 146.63 crore during the year, reflecting a growth of almost 17 per cent over last year (Rs 125.47 crore).
Profit before tax (PBT) was Rs 4.07 crore, an increase of 35 per cent over last year's PBT of Rs 3 crore. The net profit for the year stood at Rs 3.67 crore (Rs 2.79 crore).
Speaking at the 74th annual general meeting of the company, S P Sinha, chairman, explained that though the growth in the paint industry slowed down during the year as compared to 94-95, the company achieved a volume growth of 11 per cent.
JNIL has hived off it's electronics division into a separate 50:50 joint venture company with Carl Schenck AG of Germany.
The new company is Schenck Jenson & Nicholson Sensors Ltd. During the year, JNIL launched Instacolour, which offers a range of 626 shades at the dealer's shop.
