The West Coast Paper Mills has recorded a net profit after tax of Rs 20.58 crore for the first quarter of the present financial year, against Rs 20.34 crore in the same period last financial year, an increase of 1.18 per cent. An expan-sion programme with outlay of Rs 1300 crores is in advanced stage of implementation, accor-ding to a press release from the company. Fibre Line will be commissioned in August and the Paper Machine is expected to be commiss-ioned in January 2010.
Ratnabali Capital
Ratnabali Capital Markets Ltd has reported a profit after tax of Rs.5.04 crores for the quarter ended on 30th June 2009, in comparison to Rs.1.34 crores for the same quarter in the last year.
Usha Martin PAT drops 50.8%
Speciality steel and wire rope producer, Usha Martin, has recorded a consolidated profit after tax of Rs 32.03 crore in the first quarter ended June 30, 2009, a drop of 50.8 per cent over the same period last year, on the back of a shutdown in the wire rod mill and margin pressure due to the decrease in steel prices. Profit before tax was at Rs 50.24 crore, down by 50.2 per cent. Net sales stood at Rs 608.54 crore, a drop of 12.9 per cent as against the corresponding quarter of the previous year.