Zenith Birla India Ltd, the flagship company of the Yash Birla Group (YBG) announced its audited financial results for the year ended 2009-2010.
Announcing the results, Mr. M S Arora Managing Director, Zenith Birla (India) Ltd., informed that the company had under gone demerger of its tool division and merger of its pipe manufacturing company (Tungabhadra Holdings P L) in the audited year and has posted profit before tax (PBT) of Rs 2,016 lakhs post demerger, merger scheme for the year ended March 31, 2010, as against Rs. 2,068 lakhs in the previous year. These results were declared at a Board Meeting held on 31st May 2010 to announce the audited results for the year ended March 31, 2010.
Mr. M S Arora, MD- Zenith Birla stated, “Looking ahead, we are confident that the desired results of the demerger/ merger will come in the year 2010 – 11 in our ability to grow revenue, and given our mix of higher-value addition business and productivity we will expand margins, grow profit, cash and EPS, and increase returns to shareholders.”
Zenith Birla (India) Limited, manufactures and sells steel pipes. Its steel pipes are used in various applications, including water and gas, line pipes, structural pipes, conveyor idlers, bore well casings, scaffolding tubes, electric poles, telecommunications, conduits, precision tubes, and automobile chassis.
Zenith Birla (India) Limited also exports its products primarily to the United States, Middle East, Africa, and Europe. The company has a strong dealer/sub dealer network in India.
About Yash Birla Group
The Yash Birla Group is an INR 30 Billion conglomerate of over 20 diversified companies which run the gamut from established sectors like Auto & Engineering, Textiles & Chemicals and Power & Electricals to emerging sectors of today like Wellness & Lifestyle, Education & IT. Today the group has 9 listed entities in India.
