Nirma reports net profit of Rs 37.87 crore in the March 2008 quarter

Nirma reported net profit of Rs 37.87 crore in the quarter ended March 2008 as against net loss of Rs 93.45 crore during the previous quarter ended March 2007. Sales declined 1.10% to Rs 629.48 crore in the quarter ended March 2008 as against Rs 636.49 crore during the previous quarter ended March 2007.

For the full year, net profit rose 106.56% to Rs 223.93 crore in the yearended March 2008 as against Rs 108.41 crore during the previous year ended March 2007. Sales rose 3.05% to Rs 2312.69 crore in the year ended March 2008 as against Rs 2244.28 crore during the previous year ended March 2007.