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Our Bureau

Hyderabad, April 30

Priyadarshini Spinning Mills Ltd, a cotton and synthetic yarn manufacturer, has registered net revenues of Rs 54 crore for the quarter ended March 31, 2007, as against Rs 37 crore, showing a growth of 46 per cent. Net profit, however, showed a slight decline from Rs 59 lakh to Rs 56 lakh during the period. For the financial year 2006-07, the company showed a growth of 27 per cent in revenues. The figure went up to Rs 186 crore as against Rs 146 crore in the previous year. Profit after tax went up to Rs 2.35 crore from Rs 2.11 crore last year, showing a growth of 11 per cent, Mr Harish Cherukuri, Managing Director, said here in a press release.

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