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Hyderabad Jan. 30 Suryajyoti Spinning Mills has registered net sales of Rs 41.43 crore during the third quarter ended December 31, 2006, as against Rs 38.34 crore in the corresponding quarter last year, showing a growth of 8.05 per cent.

The profit after tax was put at Rs 3.05 crore (Rs 2.11 crore), showing a growth of 44.5 per cent.

Contributions from exports rose to Rs 9.13 crore (Rs 5.08 crore), an increase of 79.7 per cent.

For the nine-month period, the company registered net sales of Rs 118.94 crore (Rs 103.81 crore), an increase of 14.6 per cent.

The PAT stood at Rs 9.21 crore (Rs 6.3 crore), a growth of 46.2 per cent. Exports contributed Rs 22.72 crore (Rs 11.58 crore), witnessing a growth of 96.2 per cent.

The company is expanding capacity from 62,000 spindles to 87,616 spindles at a cost of Rs 48 crore. In the next phase, it plans to invest Rs 105 crore on its bottom-weight fabrics facility in Hyderabad. Production is expected to start in October.

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