Jayshree Chemicals Q4 earnings surge 59.84%

[B. KARTHICK]

Jayshree Chemicals reported a phenomenal rise in standalone net profit
for the quarter ended March 2008. During the quarter, the profit of
the company rose 59.84% to Rs 20.30 million from Rs 12.70 million in
the same quarter last year.

The company reported earnings of Rs 3.80 a share during the quarter,
registering 59.66% growth over prior year year period.

Net sales declined marginally 2.49% to Rs 114 million, while total
income for the quarter rose marginally 0.59% to Rs 118.70 million,
when compared with the prior year period.

Quarterly Results - standalone (Rs in mn)
As at Mar - 08 Mar - 07 %Change
Net Sales 113.50 116.40 (2.49)
Net Profit 20.30 12.70 59.84
Basic EPS 3.80 2.38 59.66


During the quarter the company disclosed a rise in operating margin of
337.31 basis points to 18.15% on lower input cost. On the other hand,
there has been increase of 50% in interest charge to Rs 0.30 million
over previous year period.

The board of directors has made recommendation for payment of dividend
at Re 1 a share of Rs 10 each, fully paid-up.