Aditya Birla Chemicals Q1 net up over two-fold

NEW DELHI: Aditya Birla Chemicals today reported more than two-fold jump in net profit at Rs 20.24 crore for the first quarter ended on June 30 on account of increase in sales.

The company had clocked net profit of Rs 7.76 crore in the April-June quarter of 2012-13 fiscal.

Total income for Q1, 2013-14 increased to Rs 230.25 crore from Rs 179.47 crore in the same period of last fiscal, the company said in a filing to the BSE.

Profits of the company were up during the quarter as its net sales increased to Rs 221.42 crore, from Rs 173.77 crore during the period under review.

The board has approved the acquisition of chlor-alkali and phosphoric acid division of Solaris Chemitech Industries Ltd on slump sale basis, the filing added.

Shares of the company closed 15.18 per cent up at Rs 75.50 on the BSE today.