Mumbai-based vertically integrated textile company, Bombay Rayon Fashions Ltd (BRFL), has reported a 12.5 percent year-on-year dip in its net profit for the second quarter of current fiscal that ended on September 30, 2011.
The company posted a net profit of Rs. 540 million during July-September period, as against a net profit of Rs. 620 million registered during the same quarter last fiscal.
The net sales of the company, however, increased to Rs. 6.34 billion during the three-month period of 2011, compared to Rs. 5.23 billion recorded during the corresponding period of 2010, showing a rise of 21.2 percent.
During the first six months of 2011-12, BRFL's net profit declined marginally to Rs. 1.11 billion, as against its net profit of Rs. 1.14 billion posted during the first half of previous fiscal. Its turnover during April-September period rose to Rs. 12.38 billion compared to Rs. 10.26 billion achieved during the first half of 2010-11.
Established in 1986, BRFL is engaged in the manufacture of a wide range of fabrics and garments and has active tie-ups, joint ventures and subsidiaries, especially in the European countries including Netherlands, Italy and the UK.
Fibre2fashion News Desk - India
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