Carborundum Universal posts Rs 49 cr Q4 profit

CHENNAI: Carborundum Universal, part of the USD 3.2 billion Murugappa Group, today reported a net profit after tax at Rs 49.43 crore for the fourth quarter ending March 31, 2011, a 52.42 per cent jump over the corresponding period the previous year.

The Chennai-based company reported net profits after tax at Rs 32.43 crore in the same quarter of previous year, a company statement here said.

For the financial year ending March 31, 2011 the company's net profits stood at Rs 170.79 crore, a growth of 67.88 per cent over the same period of previous year.

The company's net profits after tax was for the year ending March 31, 2010 was at Rs 101.73 crore, it said.

The total income of the company for the quarter ending March 31, 2011 grew to Rs 434.42 crore, up from Rs 365.35 crore over the same period of previous year.

For the year ending March 31, 2011 the total income of the company grew to Rs 1,644.25 crore from Rs 1,306.67 crore registered during the same period of the previous year, it added.