Carborundum Universal Q4 net profit up 5% to Rs 55.54 crore

CHENNAI: Carborundum Universal, a part of the Murugappa Group, today posted 5 per cent rise in net profits to Rs 55.54 crore for quarter ended March 31, over Rs 52.68 crore in the same period last year.

The total income in the quarter under review stood at Rs 500.45 crore against Rs 411.76 crore in the same period last year.

For the year ending March 31, 2012, the company reported an increase of 26.1 per cent in profits to Rs 231.91 crore from Rs 183.86 crore in same period last year.

The total income for 2011-12 rose to Rs 1,995.00 crore from Rs 1,607.52 crore in 2010-11.

The board has recommended a final dividend of Re 1 per share, the company said.