Ballarpur Industries (BILT) today said its consolidated profit after tax (PAT) rose by 2.94 per cent to Rs 50.31 crore for the first quarter ended September 30.
The company had a net profit of Rs 48.87 crore in the same period previous fiscal, it said in a statement.
The company's net revenues rose by 27 per cent to Rs 1,019.42 crore for the first quarter, compared to Rs 805.71 crore in the same period last fiscal.
BILT, part of the $4 billion Avantha Group, is India's largest manufacturer of writing and printing paper.
The company accounts for over 50 per cent of the coated wood-free paper market, 85 per cent of the bond paper market and nearly 45 per cent of the hi-bright Maplitho market, besides being India's largest exporter of coated paper.
Shares of BILT today closed at Rs 40.10 on Bombay Stock Exchange, up 1.13 per cent from its previous close.
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