Nirma Ltd has registered a growth of 5.09 per cent in sales and a net profit growth of 20.3 per cent in the first nine months of the year as compared to the same period last year.
 
The nine month performance translates into a diluted earnings per share of Rs 24.42 as against Rs 20.31 last year. Sales rose to Rs 1915.42 crore (Rs 1822.5 crore) while net profit climbed up to Rs 193.99 crore (Rs 161.25 crore).
 
Nirma's gross sales for the third quarter rose 5.33 per cent to Rs 659.93 crore over Rs 626.49 crore in the corresponding period last year.
 
Net profit is up 13 per cent at Rs 72.64 crore (Rs 64.31 crore). Interest costs have declined by 18.9 per cent to Rs 10.64 crore (Rs 13.13 crore), whereas depreciation has increased to Rs 35.31 crore (Rs 31.77 crore).
 
The profit before tax has jumped 22.8 per cent to Rs 107.32 crore (Rs 87.36 crore). Provision for tax (inclusive of deferred tax) has gone up to Rs 34.45 crore (Rs 22.87 crore).

 
 

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First Published: Jan 29 2004 | 12:00 AM IST

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