Aditya Birla Chemicals Q3 Net jumps manifold to Rs 16.35 crore

NEW DELHI: Aditya Birla Chemicals (India) today reported manifold increase in net profit at Rs 16.35 crore for the third quarter ended December 31.

It had clocked a net profit of Rs 22.15 lakh in the same period last fiscal, the company said in a filing to BSE.

Total income during the October-December period in current fiscal rose to Rs 286.87 crore as against Rs 202.34 crore in the same period in 2012-13.

The company had acquired Chlor-Alkali & Phosphoric Acid Division (CA&P Division) of Solaris Chemtech Industries for a cash consideration of Rs 153 crore during the current financial year.

This transaction enabled the entry of Aditya Birla Chemicals, a unit of Aditya Birla Group, into the Southern Indian market as well as the addition of phosphoric acid to its current product portfolio.

The company's stocks today jumped by 9.96 per cent to Rs 110.95 apiece on the BSE in the later afternoon trade, breaching the upper circuit limit.