Indo Rama Synthetics (I) Ltd, India's largest dedicated Polyester manufacturer announced its Q1 results for the quarter ending June 30th, 2007.
The company's net sales registered an increase of 45% touching Rs.679.68 crore as compared to Rs.468.38 crore in the corresponding period last year. PAT for the quarter stood at Rs.2.27 crore against Rs.2.18 crore last year.
PBT for the quarter at Rs.4.15 crores was up by 51.46% as compared to Rs.2.74 crore the in corresponding quarter last year. EBIDTA for the quarter has increased from Rs.34.54 crore to Rs.57.24 crores showing an increase of 65.72%.
Commenting on the Results, Mr. O.P. Lohia, Chairman and Managing Director, IRSL said, “Our performance during the quarter under review was encouraging. The results of our capacity doubling project are already visible. We have increased our market share to 16% and have been able to place the incremental production in the market place. We are confident of taking our market share further from 16% to 20% by the end of the year utilising the entire additional capacity fully.”
The Company also registered an increase both in its Domestic Sales as well as in Export Sales; while the domestic market sales were higher by 29% compared to Q1 last year, the export sales were substantially higher by 199%. In volume terms the total export sales were 15.36% of the total sales in this quarter while it constituted 5.11% of the total sales in the same quarter last year.
marketing@alchempro.com
