Nakoda reports 35% jump in Q4 net profit

Polyester filament yarn maker Nakoda has reported a 35.42% rise in its net profit at Rs 14.41 crore for the quarter ended March 31, 2012, mainly on account of increase in its manufacturing income. The company had posted a net profit of Rs 10.64 crore for the quarter ended March 31, 2011.

The company’s net sales stood at Rs 626.08 crore for the quarter ended March 31, 2012, as against Rs 450.87 crore for the same period of previous fiscal, up by 38.86%.

The company's board of directors has recommended a final dividend of Rs 0.25 for every share of Rs 5 for the financial year ended March 2011.