Prakash Industries engaged in steel, mining and power businesses reported a 40% growth in net profit at INR 67.80 crore for the second quarter ended September. However its net sales of the company fell to INR 377.43 crore in the latest quarter from INR 474.45 crore of the same period last year.
Prakash Industries in a filing to the Bombay Stock Exchange said that for the half year ended September 30th 2009, the company posted a net profit of INR 126.39 crore up by 9.67% as compared to INR 115.24 crore of the same period last fiscal.
Mr VP Aggarwal CMD of Prakash Industries said that "We attribute this strong performance to the highest ever production volumes achieved by us in our steel operations.”
(Sourced from http://www.steelguru.com/news/index/2009/10/22/MTE2OTcx/Prakash_Industries_Q2_profit_up_by_40pct.html)
Wednesday, October 21, 2009
Prakash Industries Q2 profit up by 40pct
0 comments:
Post a Comment