Omkar Speciality Chemicals Q4 PAT up by 120.50%

Omkar Speciality Chemicals Limited (BSE code: 533317), one of the largest manufacturer and supplier of Speciality Chemicals and Intermediates for Chemical and Allied Industries, reported a robust growth in revenues and profit after tax for the quarter ended, March 31, 2011.

The company saw an increase in net sales by an impressive 73.26% from Rs. 1797.33 lacs to Rs. 3114.18 lacs during the same period for the last quarter.  The profit after tax for the quarter ended March 31, 2011 stood at Rs. 297.42 lacs, resulting into an increase of 120.50%, as against Rs. 134.88 lacs in the corresponding period of the last quarter.

Whereas for the year ended March 31, 2011, the company saw an increase in net sales by an impressive 56.19% from Rs. 6834.96 lacs to Rs. 10,676 lacs. The profit after tax for the year ended March 31, 2011 stood at Rs. 1014.03 lacs, resulting into an increase of 95.68%, as against Rs. 518.38 lacs in the corresponding period of the last fiscal.
 

Highlights
	Quarter ended 31st Mar’11 (Rs. lacs)	Quarter ended 31st Mar’10 (Rs. lacs)	Growth  %
Turnover	3114.18	1797.33	73.26
Profit after tax	297.42	134.88	120.5

Commenting on the results Mr. Omkar Herlekar – Wholetime Director, Omkar Speciality Chemicals Ltd. said, “Post listing, we are happy to announce the first full year results and we will continue to follow the growth trend. Our results have been in accordance to our expectations and we shall strive to exceed the same in the years to come.”

About Omkar Speciality Chemicals Limited:
Omkar Speciality Chemicals Limited (OSCL) is mainly engaged in the manufacture and sale of Speciality Chemicals and Intermediates for Chemical and Allied Industries. The Company took over the business of Omkar Chemicals, a proprietary concern (proprietor Mr. Pravin Herlekar) in June, 2005 which was formed in the year 1983 with capacity of 6 MT per annum for manufacture of molybdenum derivatives. OSCL exports its diversified product range various countries in Europe, Asia, North America, South America and Australia and is purely focus on expanding its customer base by catering to the requirements of customers from various industry segments.