IPCL announces Q4 & FY 07 results

Indian Petrochemicals Corporation Ltd (IPCL) has announced the following Audited results for the quarter & year ended March 31, 2007:

The results for the Quarter ended March 31, 2007

The Company has posted a net profit of Rs 180 million for the quarter ended March 31, 2007 as compared to Rs 3210 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 29500 million for the quarter ended March 31, 2006 to Rs 30570 million for the quarter ended March 31, 2007.

The results for the Year ended March 31, 2007

The Company has posted a net profit of Rs 10320 million for the year ended March 31, 2007 as compared to Rs 11640 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 110690 million for the year ended March 31, 2006 to Rs 124330 million for the year ended March 31, 2007.