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Texturised & Draw Twisted Yarn production up at Gupta Synthetics

Jan '07
Gupta Synthetics Limited, a leading player in the synthetic yarn industry, has seen its Net Profit for the quarter ended December 31, 2006, climb 33% year on year to Rs 42.58 million from Rs 32.03 million last year.

Net Income from Operations for the quarter surged 10.1% year on ear to Rs 882.1 million from Rs 801.7 million for the corresponding quarter last year, while basic and diluted Earnings Per Share (EPS) stood at Rs 20.92 per share.

For the first nine months of the financial year FY07, Net Profit was at Rs 108.22 million, up 22% from Rs 88.64 million for the corresponding period last year. Net Income for the nine months climbed 11.22%, to Rs 2377.76 million from Rs 2137.71 million. The basic and diluted EPS for the nine months was Rs 53.18 per share.

During the quarter, the company increased production capacity of Texturised and Draw Twisted Yarn by 9240 tons & 8050 tons respectively. This will improve the bottom line further.

The company has on hand a diversification project, involving an investment of Rs 223 crores, for the manufacture of Nylon Tyre Cord Fabric (NTCF) and Nylon Filament Yarn (NFY), which are key inputs for the tyre, textile and furnishing industries.

After the diversification, the company expects sales turnover to cross the Rs 700 crores mark decisively and EBDITA of Rs 90 Crores for FY09.

Click here to view Q3 review performance:

Gupta Synthetics Limited

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