Ramsarup Industries Q4FY08 net up 12.92% to Rs 16.25 cr

New Delhi, Jun 25 (UNI) Ramsarup Industries Ltd, the country's second largest steel wire producer, today said its net profit for the fourth quarter ended March 2008 increased 12.92 per cent to Rs 16.25 crore as compared to Rs 14.39 crore for the corresponding period last year.

The company said in a statement that its net profit for the year ended March 2008 increased 36 per cent to Rs 59.42 crore as compared to Rs 43.56 crore during last fiscal.

Its net income for FY08 went up by 21 per cent to Rs 1,581.85 crore from Rs 1306.02 crore in FY07.

The company is aggressively purusing plans to produce 6,00,000 metres of steel wires and finished wire products by 2010, the statement said.

UNI SG PDT RK1405