Indo Rama Synthetics (India), the textile company recently revealed that it has registered a profit after tax (PAT) of Rs 470.8 million for the third quarter of the fiscal year 2010-11. It was just Rs 9 lakh in the same period during the last fiscal year.
The company has witnessed net sales of Rs 6518.8 million for the third quarter of this fiscal year.In 2009-10, it was Rs 6133.3 million during the corresponding period.
The company's major emphasis is on value added products and optimization of its stocks, which has led to its success. Further, the market conditions have also improved after the economic crisis.
The company's board has also proposed an interim dividend of 10 percent for each share to its shareholders.
Fibre2fashion News Desk - India
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