Camlin Q4 net zooms 80% at Rs 2.56 cr

Due to its focus on the rural markets and cost optimisation and rigid control of expenses, color and stationery products firm Camlin registered a consolidated net profit increase of 80 per cent for the quarter-ending March 31, 2009 to touch Rs 2.56 crore as compared to Rs1.42 crore in the corresponding quarter last financial year.

The revenue for the fourth quarter too increased by 29 per cent to touch Rs 75 crore as compared to Rs 58 crore in the corresponding quarter of the previous financial year.

As for sequential growth (compared to the trailing quarter), camlin's net profit at Rs 2.56 crore for the quarter under review was far better that its net loss of Rs 0.99 crore in the October to December quarter. Its revenues increased by 27 per cent sequentially.

For the full year, the company's net profit growth at Rs 6 crore showed an increase of 50 per cent over FY08 at Rs 4 crore. Its revenues grew at 32 per cent to Rs 283 crore as compared to Rs 214 crore for FY08.

Announcing these results, Dilip Dandekar, chairman and managing director said, "We have focused on rural markets to make up for the loss of sales in urban areas, cut on expenses and optimised on available resources to beat the recession and post good results."