Kesoram Industries announced results for the three month period ended March 31, 2010.

B.K. Birla group company recorded a fall of 83.61% in its standalone net profit, which stood at Rs 260.92 million for the fourth quarter as against Rs 1592.26 million during the same period of the last year.

The company’s net sales during the quarter increased by 14.54% to Rs 13,466.95 million, whereas total income for the period under review grew 16.52% to Rs 13,711.38 million.

The company recorded earnings of Rs 5.70 per share in the quarter, recording 83.63% fall over previous year period.

Moreover, the company’s directors, during a meeting held on April 28, 2010, announced payment of final dividend @ Rs. 3.25 a share for the fiscal ended March 31, 2010.

The main business of Kesoram Industries includes manufacturing of flaps and tubes, cement, spun pipes, caustic soda, automobile tires, refractories, heavy chemicals, and hydrochloric acid.

Kesoram Industries has 2 divisions for the manufacture of cement which are Kesoram Cement and Vasavadatta Cement. The company's 2 facilities for cement production are situated in Karnataka and Andhra Pradesh.

The Company Industries Kesoram has a production facility making automotive tubes and tyres. The company also has a refractory division with the production capacity of 36,500 MTPA at Burdwan, West Bengal. (With Inputs from Agencies)