Bombay Rayon Fashions Ltd, a vertically integrated textile company, posted 12.5% decline in its net profit at Rs 54 crore for the quarter ended September 2011 as compared to Rs 62 crore in the corresponding quarter of the previous year.
However, net sales of the company shot up by 21.2% to Rs 634 crore for the second quarter of the current financial year as against Rs 523.18 crore in the same period last year.
For the first half of the current fiscal, the company reported a marginal decline in its net profit at Rs 111 crore in comparison with Rs 114 crore in the comparable period last year. Its turnover for the first half of 2011-12 remained at Rs 1,238 crore as against Rs 1,026 crore in the same period previous year.
The company's stock was trading flat at Rs 292 on Bombay Stock Exchagne at the time of closing on Friday.