Home / Knowledge / News / Textiles / Consumption of raw materials improves - IPCL

Consumption of raw materials improves - IPCL

16
Jan '07
The Board of Directors of IPCL approved the results for the nine months ended December 31, 2006.

Comparison of Financial Results – nine months ended December 31, 2006 Vs nine months ended December 31, 2005:

Net Turnover (i.e. Turnover less Excise duty recovered on sales) for the nine months increased by 14% to Rs 9,122 crore (US$ 2.061 million) from Rs 8,009 crore in corresponding previous period. The increase of 14% in net turnover is on account of 4% increase in sales volume and 10% increase in selling prices of products. Increase in price variance was primarily on account of higher selling prices of polymer products, MEG, benzene and LAB.

Domestic sales of manufactured goods increased by 19% to Rs 7,913 crore (US$ 1,788 million) as compared to Rs 6,646 crore in corresponding previous period. Exports decreased by 15% to Rs 1,075 crore (US$ 243 million) as against Rs 1,266 crore in corresponding previous period.

Consumption of raw materials increased by 11% to Rs 4,816 crore (US$ 1,088 million) as compared to Rs 4,320 crore in corresponding previous period. The increase was primarily on account of higher prices of propane, ethane-propane mix (C2C3), semi rich gas, purified terapthalic acid (PTA) and n-paraffin.

Employee cost increased by 14% to Rs 386 crore (US$ 87 million) from Rs 340 crore primarily on account increase of dearness allowance and retiral benefits. Other expenditure decreased by 6% at Rs 2,013 crore (US$ 455 million) as compared to Rs 2,135 crore in the corresponding previous period. With effect from April 2006 at Gandhar Complex, naphtha has been substituted by gas, as fuel, resulting in lower power and fuel cost as compared to the corresponding previous period.


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 23rd Oct 2021

FDRA urges US govt to remove tariffs causing kids' shoe price spikes

The Footwear Distributors and Retailers of America (FDRA) has sent...

Pic: Sorbis / Shutterstock.com

Fashion | On 23rd Oct 2021

Calvin Klein & Louis Vuitton top 2 trustworthy brands for US customers

Calvin Klein, an iconic American brand that has existed since 1968,...

Pic: Breuninger

E-commerce | On 23rd Oct 2021

Fashion retailer Breuninger to launch e-commerce portal in Poland

After Austria (2017) and Switzerland (2019), fashion company...

Interviews View All

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Chini Chouhan,

Chini Chouhan

Founded by Chini Chouhan, her eponymous brand specialises in women's...

Susan Bhaktul,

Susan Bhaktul

Established in 2000 as a liaison with the Government of India, Industree...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

 Natacha Defeche, Edana

Natacha Defeche
Edana

Since 1971, EDANA, the International association serving the nonwovens and ...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search