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Century Textiles Q1 net profit jumps over 15 fold to Rs 37.65 cr

Net sales of company stood at Rs 1,573.42 cr in April-June qtr,compared to Rs 1,372.47 cr during last fiscal.

Written by PTI | New Delhi | Published: July 23, 2013 3:38:06 pm

Century Textiles and Industries today reported an over 15 fold jump in net profit at Rs 37.65 crore for the first quarter ended June 30,2013.

The company had posted a consolidated net profit of Rs 2.41 crore in the same period of previous fiscal,Century Textiles and Industries said in a BSE filing.

Net sales of the company stood at Rs 1,573.42 crore in the April-June quarter,compared to Rs 1,372.47 crore during the same period of previous fiscal.

Company’s revenue from its textiles division was Rs 394.48 crore this quarter as against Rs 385.43 crore of the same period of last fiscal.

Century Textiles and Industries revenue from cement division also increased to Rs 836.82 crore this quarter. It was Rs 783.77 crore in first quarter of the last year.

Revenue from its pulp and paper division also increased to Rs 379.12 crore this quarter compared to Rs 217.37 crore of the corresponding period last year.

The company’s shares were trading at Rs 264.20 per scrip during the afternoon trade,up 1.63 per cent from their previous close,on the BSE.

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