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Indo Rama Synthetics posts Q2 FY10 results

29
Oct '09
Indo Rama Synthetics (India) Ltd. announces Sales up 22.32% in Q2.

For H1 FY2010, the Net Sales is Rs.1284.61 crore as against Rs.1291.42 crore in H1 FY2009. While EBIDTA is up at Rs.120.15 crore as against Rs.81.90 crore, there is a Net Profit of Rs.2.01 crore as against a Loss of Rs.82.29 crore during the same period last year.

• Sales up 22.32 % at Rs.597.37 crore
• EBIDTA up 129 % at Rs.34.19 crore
• Profit after Tax(-) Rs.13.25 crore as against(-) Rs.61.48 crore

With recovery being witnessed in our domestic economy, the demand situation has further improved during the quarter and the trend is expected to continue in the coming months. There are also indications of recovery happening in the US, EU and other global markets. Going forward it should also have its positive impact.

The power business continues to do well and further improved performance is expected in this business.

Indo Rama Synthetics (India) Limited


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