Business Daily from THE HINDU group of publications
Sunday, Jul 30, 2006
Business Daily from THE HINDU group of publications Sunday, Jul 30, 2006 |
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Corporate Results
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Textiles Gangotri Textiles net down at Rs 1.67 cr in Q1 Our Bureau
Coimbatore , July 29 Gangotri Textiles Ltd , which recently came out with a follow-on public issue, posted higher net sales in the first quarter of the current financial year. But its net profit declined in Q1 of 2006-07 compared to the same period last year. According to the unaudited financial results of the company, the net sales/income from operations moved up to Rs 40.83 crore in the first quarter of the current fiscal compared to Rs 35.35 crore in the same period last year. The raw material cost was marginally higher at Rs 24.95 crore (Rs 24.30 crore). While the profit before depreciation declined marginally to Rs 5.89 crore (Rs 6.42 crore), the net profit after tax, depreciation, etc, moved down to Rs 1.67 crore (Rs 2.14 crore). The EPS, after the public issue, was Rs 0.72 in the first quarter of this year (Rs 1.12).
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