Jyothy Laboratories today reported net profit of Rs 11.81 crore for the quarter ended March 31, 2013.
The company had posted a net profit of Rs 27.92 crore during the same period of previous fiscal, Jyothy Laboratories Ltd (JLL) said in a statement.
Net sales of the company were Rs 272.51 crore for the fourth quarter. For the corresponding period of last fiscal, the same stood at Rs 219.35 crore.
For the financial year ended in March, 2013, Jyothy Laboratories posted profit to Rs 44.03 crore. In the fiscal year 2011-12, it was Rs 83.51 crore.
The company said “pursuant to amalgamation, the financial results for the quarter ended December 31, 2012 have been recast so as to include the financial results of the amalgamated company and the figures of the current standalone financial statement for the year are not strictly comparable to those of the previous year“.
The company has generated revenue of Rs 172.34 crore from its soap and detergent business in March 2013 quarter. In the same quarter last year, revenues were at Rs 137.15 crore.
The company’s revenue from home care in this quarter ended at March 31, 2013 was Rs 83.93 crore. Last fiscal, it was Rs 82.17 crore in the same period.
“The year gone by has been the year of consolidation for us. The Honorable High Court has approved Merger of JCPL (Jyothy Consumer Products Ltd) with JLL (Jyothy Laboratories Ltd) effective from April 1, 2012,” said Jyothy Laboratories Chairman & Managing Director M P Ramachandran.
“Going forward, the company will focus on brand building with extension of current brands and also continue to adapt to the continuous changes of our consumers. We are confident that these efforts will further strengthen our brands and establish better consumer connect,” said Ramachandran.
Jyothy Laboratories markets various brands, including Ujala, Maxo, Exo and Henko.
Shares of Jyothy Laboratories today ended at Rs 174.50 on the BSE, up 4.3 per cent from their previous close.