Indo Rama Synthetics Q2 net drops 75%

Indo Rama Synthetics India today reported a 75% decline in net profit at Rs 8.73 crore for the second quarter ended September 30, 2006 when compared with Rs 33.67 crore in Q2FY06.

According to a release issued by the company to the BSE today, total income declined to Rs 399.31 crore in the quarter ended September 30, 2006 from Rs 478.21 crore in the quarter ended September 30, 2005.