PI Industries Q4 net doubles to Rs 20 cr

Agri-inputs company PI Industries Ltd today reported a 92.7% jump in the net profit for the quarter ended March 21, 2011 to Rs 20.38 crore.

The company had registered a net profit of Rs 10.58 crore in the same period last year, Rajasthan-based PI Industries Ltd said in a filing to the Bombay Stock Exchange.

"Both our core business, agri-input as well as synthesis have performed extremely well on the back of robust agricultural demand and a strong order book position," the company's Chairman Salil Singhal said in a statement.

For the year ended March 31, 2011, the company's profit rose by 56.6% to Rs 64.12 crore from Rs 40.94 crore in the last year.
    
Income from the operations rose by 32.7% to Rs 718.57 crore in the 2010-11 fiscal from Rs 541.49 crore in the year-ago period, it added.
    
The Board of directors of the company has recommended a dividend of Rs 4 per share (40%) for the year ended March, 2011. The board has also approved a two-for-one stock split, it said.