ICI India Q4 profit after tax vaults to Rs.184.39 crores

ICI India Ltd has announced the financial results for the quarter & year ended March 31, 2007. The Unaudited results for the Quarter ended March 31, 2007 are as follows: The Company has posted a net profit after taxation of Rs 1843.90 million for the quarter ended March 31, 2007 where as the same was at Rs 106.10 million for the quarter ended March 31, 2006. Total Income (net of excise) is Rs 2380.10 million for the quarter ended March 31, 2007 where as the same was at Rs 1930.30 million for the quarter ended March 31, 2006.

The Audited results for the Year ended March 31, 2007 are as follows: The Company has posted a net profit after taxation of Rs 4484.20 million for the year ended March 31, 2007 where as the same was at Rs 501.50 million for the year ended March 31, 2006. Total Income (net of excise) is Rs 9543.20 million for the year ended March 31, 2007 where as the same was at Rs 9078.30 million for the year ended March 31, 2006.

The Audited consolidated results for the Year ended March 31, 2007 are as follows: Profit attributable to the group of Rs 4617.60 million for the year ended March 31, 2007 where as the same was at Rs 490.10 million for the year ended March 31, 2006. Total Income (net of excise) is Rs 10572.50 million for the year ended March 31, 2007 where as the same was at Rs 10265.70 million for the year ended March 31, 2006.

The figures For the quarter and year ended March 31, 2007 are not comparable with those for the corresponding periods of the previous year in view of divestment of Rubber Chemicals business in December 2005, and Uniqema business during the current year, effective September 02, 2006. On a comparable basis, during the quarter, sales from continuing businesses were up by 24%, and segment profit increased by 51%. On a similar basis during the year, sales grew by 21%. and segment profit by 43%.

Source : Equity Bulls

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