J B Chemicals has suffered a heavy setback during the year ended March 2009 on account of foreign exchange loss and significant higher taxation. The consolidated net profit declined sharply by 43.2 per cent to Rs 25.71 crore from Rs 45.32 crore in the previous year. The total foreign exchange loss amounted to Rs 72.72 core as against a gain of Rs 6.14 crore. Further the company provided Rs 11.34 for taxation during 2007-08 as compared to positive Rs 1.65 crore in the last year.

The company's consolidated net sales improved by 28.2 per cent to Rs 732.19 crore from Rs 570.99 crore. Its other income went up to Rs 15.10 crore from Rs 8.58 crore. Its sales promotion and publicity expenditure increased by 37.1 per cent to Rs 89.24 crore from Rs 65.09 crore. However, the company managed to reduce its interest burden to Rs 12.73 crore from Rs 16.21 crore in the previous year.

The board of directors has recommended equity dividend of 50 per cent (Re 1 per share) of face value of Rs 2 each.

The standalone net sales for the year 2008-09 improved by 31.9 per cent to Rs 723.16 crore from Rs 548.09 crore and its standalone net profit increased smartly by 52.3 per cent to Rs 78.74 crore from Rs 51.69 crore. The earning per share worked out to Rs 9.34 as compared to Rs 6.13 in the last year. The better growth in standalone net profit is basically due to higher sales and reduced raw material purchases during 2008-09.