RSWM Q4 net up 82 pc at Rs 45 cr

Textiles firm RSWM Ltd said its net profit rose by 82 per cent to Rs 45 crore for the fourth quarter.

Textiles firm RSWM Ltd said its net profit rose by 82 per cent to Rs 45 crore for the fourth quarter ended March,31,2011 over the same period previous fiscal.

The company’s total income rose to Rs 603 crore for the fourth quarter,compared to Rs 412 crore in the same period last fiscal,RSWM Ltd said in a statement.

“Inflationary pressures notwithstanding,the company registered significant growth in the quarter and throughout the financial year 2010-2011 on the back of calibrated price increases and cost management initiatives,” RSWM Limited Chairman Ravi Jhunjhunwala said.

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The company’s board has also recommended a final dividend of 50 per cent,which brings the total dividend for the year to 150 per cent.

For the year ended March 31,2011,the company reported a net profit of Rs 123 crore,compared to Rs 36 crore in the last fiscal.

The company’s total income for the year ended March 31,2011 stood at Rs 1,964 crore,compared to Rs 1,541 crore in the previous year.

Shares of RSWM Ltd were today trading at Rs 167 on the Bombay Stock Exchange in the late afternoon trade,down 3.50 per cent from its previous close.

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