M P Birla group flagship, Birla Corporation, has recorded a profit after tax of Rs 112.29 crore in the quarter ended December 31, 2009, an increase of 37.98 per cent over the same period last year. Turnover for the quarter increased from Rs 518.16 crore to Rs 617.84 crore.
The company also recorded its highest ever cement dispatch at 1.5 million tonnes in the third quarter. The company managed to cut on power and fuel costs with the captive thermal plant. Birla Corporation is in the process of implementing several capacity enhancement projects, which will see its capacity increasing to nine million tonnes.
Sutlej PAT at Rs 1.39 crore
Sutlej Industries has recorded a profit after tax of Rs 1.39 crore in the quarter ended December 31, 2009, compared to a loss of Rs 8.12 crore in the same period last year. Net sales stood at Rs 295.50 crore, an increase of 38 per cent. C S Nopany, chairman, said, the performace of the textile sector had improved in 2009 compared to 2008 and the trend was likely to continue in 2010.
IFGL PAT at Rs 10.6 crore
IFGL has recorded a profit after tax of Rs 10.6 crore in the quarter ended December 31, 2009, against a loss of Rs 7.3 crore in the same period last year. Total income at Rs 115.3 crore was higher by 19.73 per cent.
