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Morarjee reports 42.7% growth in Q1 profit
31 Jul '06
1 min read
One of the leading textile companies in India, Morarji Textile Limited has posted net income of Rs47.39 crore a rise of 39 percent for first quarter ended on June 30, compared to Rs34.10 crore for the same period last year.
Company's profit after tax (PAT) increased 42.68 percent to 2.24 crore compared to Rs1.57 crore for the period in consideration.
This noticeable progress is due to strategy of providing high value added products and expansion of weaving capacity, informed Harsh Piramal, Executive Vice Chairman, Morarjee Textiles.
Company's profit after tax (PAT) increased 42.68 percent to 2.24 crore compared to Rs1.57 crore for the period in consideration.
This noticeable progress is due to strategy of providing high value added products and expansion of weaving capacity, informed Harsh Piramal, Executive Vice Chairman, Morarjee Textiles.
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