BILT posts net profit of Rs 58.91 cr

Our Bureau New Delhi | Updated on January 31, 2011

Paper manufacturer Ballarpur Industries has reported a net profit of Rs 58.91 crore for the quarter ended December 31, 2010.

The company posted a net profit of Rs 53.51 crore in the same period previous fiscal. BILT follows a July 1-June 30 fiscal year; therefore the current announcement covers the company's financial performance for the half-year and second quarter of fiscal 2010.

BILT's net sales stood at Rs 1,126.90 crore for the quarter ended December 31, 2010 (Rs 879.82 crore).

Diluted EPS

“The company had redeemed zero coupon convertible bonds of $52 million on July 12, 2010. Consequently, basic and diluted EPS for the current quarter is not comparable with the corresponding quarter of previous year,” it added.

The total paper production stood at 4,19,070 mt in H1 FY 2011 compared with 3,80,834 mt in H1 FY 2010.

Shares of Ballarpur Industries today closed at Rs 31.45 on the BSE, down 3.82 per cent from its previous close.

Published on January 31, 2011

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