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Alps Industries turn out a good performance again for Q3
31
Jan '08
Alps Industries Ltd, the leading Home Furnishings and architectural products manufacturer has turned out excellent results for the quarter ended December 31, 2007 with Net sales soaring to Rs.172.14 crores indicating a 51 percent increase over the previous year's corresponding quarter level of Rs. 113.86 crores.

The net profit rose by 20 percent to Rs 10.7 crores, as compared to Rs.7.76 crores in the corresponding quarter of the previous year.

The Company's net profit for the first nine months of the current financial year stood at Rs 29.26 crores as compared to Rs. 23.27 crores in the corresponding period of the last year.

Commenting on the Q3 performance, Mr. Sandeep Agarwal, MD, Alps Industries Limited, said "We are delighted that we have turned out a good performance again.

At Alps we strive to maintain our leadership position in our business segment, clearly demonstrated by success of our organic cotton base, natural dyed home furnishing in international market and our strong Vista brand in the domestic market.”

Alps Industries is a vertically integrated textile company with twelve manufacturing facilities. It is also market leader in domestic window covering products like blinds and awnings, and other architectural products like wooden floorings and aluminum composite panels, which are sold under the widely recognized Vista brand name.

Alps Industries have announced their venture into Automotive Fabrics. It has entered into a technical and marketing alliance with Suminoe Textile Co Ltd, Osaka, a leading automotive fabric maker in Japan.

They are also entering into power sector with a project in Uttaranchal for Hyde Power project at River Dharam Ganga.

Alps Industries Ltd

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