NEW DELHI, May 14: Polyester filament yarn maker Nakoda today reported a 35.42 per cent rise in its net profit at Rs 14.41 crore for the quarter ended March 31, 2012, mainly on account of increase in its manufacturing income.
The company had posted a net profit of Rs 10.64 crore for the quarter ended March 31, 2011 Nakoda said in a filing to BSE.
Net sales of the company stood at Rs 626.08 crore for the quarter ended March 31, 2012 as against Rs 450.87 crore for the same period of previous fiscal.
The company’s board of directors have recommended a final dividend of Rs 0.25 for every share of Rs 5 for the financial year ended March, 2011.
“Income from the manufacturing segment rose by 95.24 per cent to Rs 457.77 crore from Rs 234.46 crore for the quarter under consideration,” it added. (PTI)_
Trending Now
E-Paper
Follow our WhatsApp channel