Binani Industries has reported results for the fourth quarter and year ended March 31, 2013
The company has reported 5-fold jump in its net profit at Rs 62.28 crore for the quarter ended March 31, 2013 as compared to Rs 12.15 crore for the same quarter in the previous year. Total income of the company has increased by 40.87% at Rs 78.82 crore for quarter under review as compared to Rs 55.95 crore for the quarter ended March 31, 2012.
For the year ended March 31, 2013, the company has posted a fall of 9.50% in its net profit at Rs 12.38 crore as compared to Rs 13.68 crore for the same period in the previous year. However, total income has increased by 29.64% at Rs 179.28 crore for year under review as compared to Rs 139.29 crore for the period ended March 31, 2012.
For the year ended March 31, 2013, on the consolidated basis, the company has posted net loss of Rs 205.70 crore as compared to the net loss of Rs 164.88 crore for the same period in the previous year. However, total income has increased by 45.70% at Rs 4472.08 crore for year under review as compared to Rs 3069.37 crore for the period ended March 31, 2012.
