Indo Rama Textiles Ltd (IRTL) revealed that the company had registered a 5.35 percent rise in its net profit over 2004 to reach Rs3.35 crore in 2005, third quarter till December 31.
Company's gross sales for the quarter were reported at Rs96.35 crore as compared to Rs108.72 crore in 2004.
This increase was probably the result of lowered interest charges from Rs1.6 crore to Rs44 lakhs.
Indo Rama is one of the largest producer-exporters in the synthetic blended yarn industry in India.
Over the years, company has acquired 30 percent share of India's total exports of synthetic blended yarn.
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