Godrej Industries Ltd (GIL) on Wednesday reported a net profit of Rs 168 crore for 2007-08 higher by 185 % compared to previous fiscal. GIL?s total income is up by 25% to the Rs 3006-crore mark for FY 2007-08. Announcing the results, Adi Godrej, chairman of GIL said, ?Our chemicals business has grown by 21 % for 2007-2008 at Rs 692 crore as compared to Rs 572 crore in the previous fiscal.?

Emami to pay 225%

Emami Ltd, the personal and healthcare major, has reported a net profit of Rs 35 crore on net sales of Rs 179 crore for the quarter to March 31, 2008, against a net profit of Rs 23 crore on sales of Rs 150 crore for the same period of the previous year.

For the full year to March 31, Emami?s net profit was Rs 92.70 crore, an increase of 41% on the previous year?s figure, while sales increased by 13% to Rs 583 crore from Rs 515 crore.

The board has proposed a dividend of 225% or Rs 4.50 per share of Rs 2, against 200% paid last year.

N Venkat, chief executive officer and executive director, attributed the 19% growth in fourth-quarter profits to some of the power brands and an expanded distribution network.

?Basically, some of the power brands have done well and we have also expanded the distribution network, which fetched us results in the last two quarters,? said Venkat. Emami has recorded consistent growth for its power brands like Navratna Oil, Boroplus Antiseptic Cream, Boroplus Prickly Heat Powder, Menthoplus Balm and other new products. It said the Malai Kesar Cold Cream launched last winter season had been a ?super hit?, capturing 3% market share immediately on launch.

?If the rupee hadn?t appreciated like that, exports would grown by 25%,? Venkat said.

Most of the export growth came from West Asia and Africa.

The company said it is trying to become a global brand, and claimed that its Boroplus Antiseptic Cream is the largest selling antiseptic cream not only in India but also in Ukraine, Russia and Nepal.

Deepak Nitrite income up

Deepak Nitrite Limited (DNL) has reported a 16% growth in its total income for the quarter ended March 31, 2008, at Rs 146.05 crore against Rs 125.61 crore for the previous corresponding year. DNL?s PAT for the fourth quarter of 2007-08 fiscal stood at Rs 13.43 crore as compared to profit of Rs 0.09 crore in the corresponding period last year. For the year ended March 31, 2008, the company reported a drop of 80% in its PAT that stood at Rs. 7.02 crore as against Rs. 35.67 crore same time last year.

The board of directors recommended a dividend of 40% on equity shares for the year ended March 31, 2008. DNL plans to invest about Rs. 25 crore in the coming months to augment the capacities of the existing plants

Visa Steel PAT up 110%

Visa Steel Ltd reported a profit after tax of Rs 43.15 crore in 2007-08, an increase by 110%, on a revenue of Rs 259.66 crore. The company?s revenue grew by 78% over the last year. Vishambhar Saran, chairman, said the growth in revenue and profits was driven by better realisation across products like pig iron, coke and ferro chrome, which were also produced in larger volume this fiscal. Visa Steel, already in the middle of its expansion programme, produced 67,497 million tonne of hot metal from its blast furnace operation in 2007-08. Coke production was 181,966mt, an increase by 205% over the previous year and ferro chrome 18,276mt in 2007-08.

The company commissioned a 50,000-tonne per annum ferro chrome plant in Orissa in November 2007.