Credit rating agency, CARE has assigned ‘AA-’ rating to Jyothy Laboratories’ proposed long-term Non Convertible Debenture (NCD) worth Rs 50 crore.
The company has received the said rating on the back of growth in its operations coupled with healthy profitability margins and comfortable gearing ratios in FY12.
The company reported 22.35% rise in its net profit at Rs 15.27 crore for the quarter ended September 30, 2012 as compared to Rs 12.48 crore for the same quarter in the previous year. Total income of the company increased by 14.90% at Rs 178.05 crore for quarter under review as compared to Rs 154.96 crore for the quarter ended September 30, 2011.
