Finolex net profit Rs 33 cr

Finolex Industries Limited (FIL),has clocked a turnover of Rs 422.87 crores and reported a net profit of Rs 33.04 crores for the quarter ended March 31,as compared to Rs 500.99 crores and Rs 1.21 crores respectively in the corresponding quarter of previous year.

The operating profit for the quarter was Rs.68.75 crores (growth of 77 per cent over corresponding quarter of previous year). For the full financial year,the operating profit was Rs.139.10 crores (growth of 52 per cent over previous year). However,unexpected and sharp depreciation of the Indian Rupee during the year had taken a toll on the Company’s margins. For the current financial year,the company has reported a net loss of Rs.37.89 crores as against the net profit of Rs.71.19 crores for the previous year.