Breaking News
Sunday , August 20 2017
Home / Business / IG Petrochemicals reports over 2-fold jump in Q4 net profit

IG Petrochemicals reports over 2-fold jump in Q4 net profit

IG Petrochemicals has reported result for the fourth quarter and year ended March 31, 2017.

The company has posted over 2-fold jump in its net profit at Rs 28.07 crore for the quarter ended March 31, 2017 as compared to Rs 11.98 crore for the same quarter in the previous year. Total income from operations of the company increased by 34.94% at Rs 289.27 crore for quarter under review as compared to Rs 214.37 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has posted a jump of 68.26% in its net profit at Rs 101.56 crore as compared to Rs 60.36 crore in FY16. Total income from operations of company increased by 8.88% at Rs 1037.48 crore for year under review as compared to Rs 952.84 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted rise of 68.12% in its net profit at Rs 101.19 crore as compared to Rs 60.19 crore in the previous year. Total income from operations of company increased by 8.88% at Rs 1037.48 crore for year under review as compared to Rs 952.84 crore for the year ended March 31, 2016.

Loading...

About editor

Close