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Southern Petrochemical reports over 2-fold jump in Q4 net profit

Industries Corporation has reported results for fourth quarter and year ended March 31, 2019.

The company has reported over 2-fold jump in its net profit at Rs 16.49 crore for the quarter under review as compared to Rs 6.79 crore for the same quarter in the previous year. Total income of the company increased by 19.13% at Rs 475.36 crore for Q4FY19 as compared Rs 399.01 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 43.27% in its net profit at Rs 53.34 crore as compared to Rs 37.23 crore for the previous year. Total income of the company increased by 30.71% at Rs 2,613.42 crore for year under review as compared to Rs 1,999.38 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 38.71% in its net profit at Rs 62.99 crore as compared to Rs 45.41 crore for the previous year. Total income of the company increased by 30.71% at Rs 2,613.42 crore for year under review as compared to Rs 1,999.38 crore for year ended March 31, 2018.

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