Nelcast reports two-fold jump in Q4 net profit

Nelcast has reported results for fourth quarter and year ended March 31, 2012.

On standalone basis, the company has posted a rise of 193.64% in its net profit at Rs 12.01 crore for the quarter ended March 31, 2012 as compared to Rs 4.09 crore for the same quarter in the previous year. Total income has increased by 5.01% at Rs 161.85 crore for quarter under review as compared to Rs 154.12 crore for the quarter ended March 31, 2011.

For the full year ended March 31, 2012, the company has posted a fall of 46.75% in its net profit at Rs 46.27 crore for the year ended March 31, 2012 as compared to Rs 86.89 crore in the previous year.  However, total income has increased by 28.71% at Rs 653.09 crore for year under review as compared to Rs 507.40 crore for the period ended March 31, 2011.