The Hindu Business Line : Nahar Industries net rises 46.6 pc

Nahar Industrial Enterprises Ltd has reported a 46.61 per cent increase in profit after tax for the quarter ended September 30 at Rs 22.10 crore (Rs 15.07 crore).

Revenues have gone up by 35.17 per cent to Rs 231.72 (Rs 171.42 crore). The earnings per share has increased to Rs 6.08 (Rs 4.93).

The company is spending Rs 814 crore to lift textile capacities and expects the growth to be maintained after the expansion is over.

Shares of the company fell by 1.84 per cent to close at Rs 192.50 on the BSE.

"The complete backward and forward integration of our operations gives us a strong edge over other brands. The complete in-house spinning, weaving, processing, dyeing and garmenting facilities enable us to offer high quality garments to our customers at highly affordable prices," said Mr Kamal Oswal, Vice Chairman & Managing Director.

The company expects to open 250 exclusive franchise outlets for its Cotton County brand by March 2007 with the 2010 target being 1,000 outlets across India, he said.

More Stories on : Textiles | Financial Performance

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Reliance Capital net rises 18 pc

NCL Ind registers 4-fold growth in net

Natco net profit grows 17 pc in Q2

Wockhardt Q3 net up 30 pc

Shipping Corpn Q2 net jumps to Rs 321 cr

Nahar Industries net rises 46.6 pc

Maruti Q2 net profit rises 39.5 pc

Rane group cos turnover, net higher in Q2

M&M net profit rises 146 pc in second quarter

Ruchi Soya net up 92.6 pc

GMR Infrastructure Q2 net rises 57 pc

Virinchi revenue, net up

ICI India reports higher net in Q2

GlaxoSmithKline Q3 profit up on products sale

Corpn Bank net up 20 pc on higher interest income

Andhra Bank Q2 net rises to Rs 146.4 cr