Himadri Chemicals Q4 net up 20.8 percent

City-based Himadri Chemicals and Industries Monday posted 20.82 percent rise in net profit to Rs.26.87 crore for the quarter ended March 31, 2013, from Rs 22.24 crore for the like period during the previous year.

However, total income from operations during the fourth quarter of the last fiscal decreased to Rs.301.84 crore from Rs.329.37 crore during the corresponding period of the previous fiscal, the firm said in a filing to the Bombay Stock Exchange.

For the full year, the company's consolidated total income rose to Rs.1,353.32 crore for the year ended March 31, 2013 from Rs.1,144.76 crore during fiscal year 2011-12.

"During the course of last year, Himadri Chemicals experienced unprecedented pressures in many aspects of its business. In fact, we feel it was one of the most challenging years the company has faced in its history. However, the management team has been proactive in managing the uncertainty and volatility in our industry," company CEO Anurag Choudhary said in a statement here.

"During this difficult period, we have still been able to report topline growth of 18 percent," Choudhary added.

The firm, which is the largest producer of coal tar pitch in India, has a global presence with eight manufacturing operations, seven across the country in West Bengal, Gujarat, Andhra Pradesh and Chhattisgarh, and one in China.