Graphite India Q4 result up over two-fold

Graphite electrode major Graphite India on Friday reported an over two-fold increase in net profit at Rs 102.96 crore for the fourth quarter ended March, 2012.

Net sales during the quarter was Rs 441.06 crore during the quarter as against a sales of Rs 296 crore during the corresponding period last year, a release said.

On consolidated basis for the year ended 2011-12, the net profit of the company was Rs 212.48 crore as against Rs 189.11 crore in the previous year.