The net sales rises to Rs1,122 crore.
State-owned Gujarat State Fertilizers & Chemicals Ltd (GSFC) today announced a steep rise of 457 per cent in the net profits for the fourth quarter ended March 31, 2011 at Rs 205 crore from Rs 36.5 crore recorded in the corresponding period the previous year.
In a statement issued with the Bombay Stock Exchange (BSE), the company informed that the board of directors of the company had recommended a 70 per cent dividend i.e. Rs 7 per equity share of Rs 10 each.
The net sales for the quarter rose from Rs 782.55 crore in the corresponding period the previous year to Rs 1,122.49 crore in the Q4 2010-11. For the financial year, 2010-11 the net profits rose by 194.4 per cent to Rs 749 crore from Rs 254.4 crore against the previous year. Meanwhile, the net sales rose by 18 per cent to Rs 4,755 crore from Rs 4019.19 crore recorded in the last year.
The company has commissioned 33 megawatt (MW) wind power projects during the quarter ending March 31, 2011, taking the total wind power projects commissioned during the year to 51 MW.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app