Comments
Artificial leather maker Mayur Uniquoters Ltd has reported an 18.5 per cent rise in net profit at Rs 10.25 crore for the December 2012 quarter.
Profits in the corresponding quarter stood at Rs 8.65 crore. Revenues for the December quarter grew 15 per cent to Rs 93.82 crore over the corresponding last quarter’s Rs 81.56 crore. The company declared an interim dividend of Rs 2.25 per share of Rs 10 each or 22.5 per cent.
Suresh Kumar Poddar, Chairman and Managing Director, expects the company to continue posting strong growth in the coming quarters on rapidly rising demand for synthetic leather.
The company supplies artificial leather to domestic and multinational firms in segments such as footwear, automobiles and lifestyle accessories. The major clients, among others, include Maruti Suzuki, Tata Motors, Liberty Footwear and Khadims. The Mayur Uniquoter scrip ended flat at Rs 465.25 on the BSE on Wednesday.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.