Anil Ltd Q4 profits up 43%

<p>Ahmedabad-based, Anil Limited has registered 43.64 per cent rise in the consolidated net profit for the fourth quarter ended March 31, 2012 at Rs 14.45 crore, against Rs 10.06 crore in the corresponding period previous year.

Company's net sales for the quarter stood at Rs 199.96 crore, up by 34.46 per cent compared to Rs 148.71 crore in same quarter of previous fiscal. The company also declared a dividend of 20 per cent for the year 2011-12, the company informed in a statement issued on Wednesday.

Commenting on the financial performance of the company, Amol S. Sheth, Chairman and Managing Director of Anil Limited said.

"Development of new products and focus on speciality products with focussed approach on efficiency and cost management have enabled us to grow," said Amol Sheth, CMD, Anil Limited.