Textile firm Bombay Rayon Fashions today posted an 8.89% year-on-year increase in net profit to Rs 56.81 crore for the quarter ended June 30, 2011.
The company had reported a net profit of Rs 52.17 crore for the quarter ended June 30, 2010, Bombay Rayon Fashions said in a filing to the Bombay Stock Exchange.
During the quarter under review, Bombay Rayon Fashions achieved net sales of Rs 603.82 crore, a 20.11% jump from Rs 502.69 crore in the corresponding year-ago period.
For the year-ended March 31, 2011, the firm posted a net profit of Rs 226.69 crore on net sales of Rs 2,254.83 crore.
Shares of Bombay Rayon Fashions were trading at Rs 281 on the BSE, up 0.25% from their previous close.