IFGL Refractories has recorded a profit after tax (PAT) of Rs 10.60 crore in the three months ended June 30, 2008, an increase of 121.78 per cent over the same period last year, on the back of higher sales, depreciation of rupee against foreign currencies, improved product mix and cost reduction measures.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>Profit before tax was at Rs 15.11 crore, an increase of 114.94 per cent while total turnover at 103.73 crore saw an increase of 15.47 per cent. </P>
</p><p class='TableClas'>Performance in the current financial year was expected to be better than the previous year.</P>
</p><p class='TableClas'>Results of the Hofmann Ceramic Group of Germany acquired by the company would be reflected in the next quarter.<BR></P></p><p class='TableClas'></p></table>


IFGL Refractories' profit at Rs 10.60 cr

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