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Filatex zooms on robust Q4 earnings

Net profit for the March 2016 quarter jumped 364% to Rs 13.6 crore year-on-year

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SI Reporter Mumbai
Last Updated : Apr 25 2016 | 10:31 AM IST
Shares of Filatex India were locked in 20% upper circuit at Rs 51.80 on the Bombay Stock Exchange after the company reported strong earnings for the quarter ended March 31, 2016.

Net profit for the March 2016 quarter jumped 364% to Rs 13.6 crore compared to Rs 2.9 crore in the same quarter last fiscal. Net sales for the quarter under review were higher by 30% at Rs 348.6 crore.

For the year ended March 31, 2016 net profit increased 174% to Rs 26.3 crore compared with Rs 9.6 crore in the last fiscal. However, net sales for the year were lower by 19% at Rs 1,278.2 crore compared to Rs 1,572.8 crore in the fiscal ended March 31, 2015.

The stock touched a high of Rs 51.80. At 10:25am, over 80,000 shares were traded on both the stock exchanges.

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First Published: Apr 25 2016 | 10:29 AM IST

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