Anil Ltd PAT up 44% at Rs 14.45 cr in Q4 of 2011-12

Company’s turnover jumps 34% to Rs 200 crore in Q4

Online PR News – 28-May-2012 – Ahmedabad – Ahmedabad, May 23, 2012: Agro and food processing major, Anil Limited, reported a 43.64% jump in net profit and a 34% increase in total income for the fourth quarter (Q4) ended March 31, 2012 at its board meeting held on 22 May 2012. The company also declared a dividend of 20% for the year 2011-12.

For the fourth quarter (Q4) the company has reported a consolidated net profit of Rs 14.45 crore which represents a jump of 43.64% over Rs 10.06 crore posted in the Q4 of the previous financial year. Net sales in current Q4 at Rs 199.96 crore were higher by 34.46% compared to Rs 148.71 crore in same quarter of previous fiscal.

For the 12 months ended March 31, 2012 the company’s consolidated profit after tax was Rs 50.41 crore an increase of 25.62% over Rs 40.13 crore net profit posted in the previous financial year. Total income for FY2012 at Rs 646.55 crore was higher by 27.82% over previous fiscal’s turnover of Rs 505.84 crore.

Commenting on the financial performance of the company, Mr. Amol S. Sheth, Chairman and Managing Director of Anil Limited said, ‚ÄúDevelopment of new products and focus on speciality products along with a very focussed approach on efficiency improvements and cost management have enabled us to grow both the top line and the bottom line.‚ÄĚ