ICI India, which makes paints and chemicals, today said its net profit for the third quarter ended December 31 stood at Rs 174.97 crore, while it had a net profit of Rs 6.37 crore in the corresponding period a year ago.
Figures of the December quarter are not comparable with the corresponding period of last fiscal due to exclusion of adhesives business results.
"The figures for the quarter ended December 31, 2008 are not comparable with those for the corresponding period of previous year in view of exclusion of adhesives business results during the period," the company said in a filing to the BSE.
Net sales stood at Rs 234.82 crore for the quarter under review, whereas it was Rs 256.69 crore last financial year.
For the nine-month period ended December 31, 2008, ICI India posted a net profit of Rs 272.76 crore, while the same was Rs 50.54 crore a year ago.
Shares of ICI India ended the day at Rs 385, up 2.39 per cent from its previous close on the BSE.
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