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Our Bureau

New Delhi, April 17

Indo Rama Textiles Ltd today announced a 29.7 per cent increase in operating profits at Rs 21.09 crore during the last quarter of 2005-06, as against Rs 16.24 crore during the same quarter the previous fiscal. The net sales for the quarter were down at Rs 95.64 crore, as against Rs 101.47 crore in the corresponding quarter last year, a company release said. The company reported a 70 per cent increase in net profit for the year ending March 31, 2006 at Rs 20.90 crore, as against Rs 12.28 crore for 2004-2005. The net sales were down at Rs 372.98 crore for 2005-06, as against Rs 391.93 crore in the previous year.

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