| Eastern Silk Industries (ESIL), one of the premier exporters of textile goods in India, has reported 38.67 per cent growth in net profit to Rs 25.51 crore in the quarter ended December 31, 2007, from Rs18.40 crore in the corresponding quarter of 2006-07. |
| Net sales stood at Rs 168.96 crore against Rs 125.14 crore in the corresponding quarter last year, a growth of 35 per cent. For the full year ended March 31, 2007, the company reported a PAT of Rs 57.67 crore on net sales of Rs 451.20 crore. |
| According to S Shah, chairma, "Barring unforeseen circumstances, this momentum should continue in the next quarter as well." |
| Himadri net profit up 25.59% |
| Himadri Chemicals & Industries, the largest manufacturer of coal tar pitch (CTP) in India, registered a net profit of Rs 21.81 crore in the quarter ended December 31, 2007, up 25.59 per cent from the corresponding quarter last year, riding on the back of 30 per cent rise in the domestic demand for CTP. |
| The total income in the quarter was marginally up at Rs 90.20 crore. Himadri Chemicals board has approved issue of foreign currency convertible bond up to $80 million. |
| Focus on CTP, coupled with operational excellence, impacted company's margins, said Anurag Chowdhury, chief executive officer. |
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