Texmaco Ltd, a K K Birla group company,has reported a 11 per cent rise in net profit to Rs 22.36 crore for the quarter ending September 30 against Rs 20.16 crore for the corresponding quarter of the previous year. The firm recorded net sales of Rs 241.39 crore in the second quarter ended this financial year, against net sales of Rs 205.19 crore, an increase of 18 per cent. Similarly, total income also saw a rise of 18 per cent to Rs 241.52 crore for the quarter ending September 30, against Rs 205.28 crore in the same period last fiscal.
PCBL net profit rises 110%
Phillips Carbon Black Ltd. (PCBL) reported a 110 per cent increase in net profit to Rs 32.32 crore for the quarter ended September 30, against Rs 15.36 crore for the corresponding quarter of the last fiscal. The firm achieved net sales of Rs 273.33 crore for the second quarter of this fiscal compared to Rs 319 crore that it had recorded in the same period of the last financial year, a drop of 14 per cent. The cost of consumption of raw materials also fell substantially this quarter to Rs 188.5 crore as against the Rs 269 crore that it spent for the same period last year.