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Savita Oil Technologies reports 60% rise in Q1 net profit

21 Jul 2012 Evaluate

Savita Oil Technologies has reported results for first quarter ended June 30, 2012.

On standalone basis, the company has posted a rise of 60.05% in its net profit at Rs 47.79 crore for the quarter ended June 30, 2012 as compared to Rs 29.86 crore for the same quarter in the previous year.  Total income has increased by 20.30% at Rs 525.09 crore for quarter under review as compared to Rs 436.48 crore for the quarter ended June 30, 2011.

Savita Oil Technologies is engaged in the business of manufacturing and distributing varied range of petrochemicals. Its product portfolio includes liquid paraffin, transformer oil, white oil, petroleum jellies, cable filling compound, emulsifiable polyethylene wax, automotive and industrial lubricants amongst others. The products manufactured find industrial applications in pharmaceuticals, cosmetic, plastic, agriculture and veterinary.

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