Q1 profit zooms 46% at Fancy fabric producer Orbit exports

The revenue for the quarter ended June 30, 2012 increased to Rs. 29.10 Cr. (an increase of 22%) compared to Rs. 23.80 Cr during corresponding period of previous year. The profit after tax for the quarter ended June 30, 2012 stood at Rs. 3.10 Cr (an increase of 46%) compare to Rs. 2.12 Cr in the corresponding period of the previous year.

Commenting on the results, Mr. Pankaj, Managing Director, Orbit Exports Ltd said, “We are exceptionally glad to come out with good set of numbers. We have been growing to our potential year on year. Also we have some expansion plans which will take our company to another level. We thank all our shareholders for their continuous support & we will strive hard to keep up to their expectations.”

Orbit Export Ltd is in the business of manufacturing novelty fabrics, including made-ups, prints, jacquards, imitation silks, metallic, furnishings and various blends of man-made fabrics.

Orbit Exports Limited