Gopal Iron & Steels Company reports six-fold rise in Q4 net

Gopal Iron & Steels Company has reported results for fourth quarter and year ended March 31, 2012.

On standalone basis, the company has posted a rise of 565.22% in its net profit at Rs 1.53 crore for the quarter ended March 31, 2012 as compared to Rs 0.23 crore for the same quarter in the previous year.    Total income has increased by 66.78% at Rs 19.83 crore for quarter under review as compared to Rs 11.89 crore for the quarter ended March 31, 2011.

For the full year ended March 31, 2012 the company has posted a rise of 116.00% in its net profit at Rs 1.08 crore  as compared to Rs 0.50 crore in the previous year. However, total income has decreased by 18.60% at Rs 36.01 crore for year under review as compared to Rs 44.24 crore for the period ended March 31, 2011.