FMCG firm Jyothy Laboratories Ltd (JLL) today said its net profit rose by 21.83% to Rs 27.9 crore for the fourth quarter ended March 31, 2012.
The company had posted a net profit of Rs 22.9 crore in the same period of previous fiscal, JLL said in a statement.
The net sales of the company rose to Rs 218.9 crore for the fourth quarter ended March 31, 2012, against Rs 155.9 crore in the same period of previous fiscal.
For the year ended March 31, 2012, the company posted a net profit of Rs 83.5 crore against Rs 80.3 crore in 2010-11.
The net sales of the company rose to Rs 662.8 crore for the year ended March 31, 2012, compared to Rs 599.8 crore in 2010-11.
Commenting on the results Jyothy Laboratories Ltd Chairman and Managing Director M P Ramachandran said, "...Overall in a challenging year, we are satisfied with our progress".
Jyothy Laboratories acquired a majority stake in Henkel AG's India operations during the year.
The company' board, which met today, recommended a dividend of Rs 2.50 per equity shares of Re 1 each for the financial year ended March 31, 2012.
The company also appointed S Raghunandan as its Whole-Time Director and Chief Executive Officer with effect from May 23, 2012.
Shares of Jyothy Laboratories today closed at Rs 192.45 on the BSE, down 0.70% from its previous close.