HEG reports 85% fall in Q4 net profit

HEG has reported results for fourth quarter ended March 31, 2012

The company has posted a fall of 85.48% in its net profit at Rs 4.99 crore for the quarter ended March 31, 2012 as compared to Rs 34.36 crore for the same quarter in the previous year. However, total income has increased by 44.69% at Rs 407.37 crore for quarter under review as compared Rs 281.55 crore for the quarter ended March 31, 2011

For the full year ended March 31, 2012, on the consolidated basis, the company has posted a fall of 51.65% in its net profit at Rs 62.31 crore for the year ended March 31, 2012 as compared to Rs 128.86 crore for the same period in the previous year.  However, total income has increased by 27.87% at Rs 1423.99 crore for year under review as compared to Rs 1113.65 crore for the period ended March 31, 2011.