BOC India (BOCI) has recorded remarkable growth in turnover and profit for the year ended 31 March 2006. The year also witnessed several product launches and plant commissioning.
BOCI registered its highest ever turnover of Rs. 560.93 crores, recording a growth of 32 per cent over the previous year. Net profit after tax increased by 181 per cent from Rs. 27.97 crores to Rs. 78.63 crores.
Increased sales volumes coupled with improved price realisation in certain product groups had a positive impact on this year’s performance. Enhanced operating efficiencies, new business wins and strong performance from project engineering division also contributed to the company’s results.
The company registered its highest ever profit before tax and extraordinary items of Rs 80.92 crores – a growth of 78 per cent over that of the previous year. This excludes an extraordinary income of Rs. 47.46 crores from sale of closed factory land in Bangalore. The profit before tax inclusive of the extraordinary income stands at Rs. 121.87 crores.
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