Decolight Ceramics posts Q2 net profit of Rs46 lakh

As against a net loss of Rs 2.41 crore for the second quarter during last financial year 2009-10, Morbi-based Decolight Ceramics has registered a net profit of Rs 46.68 lakh for the current quarter in fiscal 2010-11.

According to company officials, Decolight incurred huge losses following dip in domestic and international demand for ceramics due to economic slowdown. "However, with the ceramics market registering better performance, we saw ourselves posting a net profit of Rs 46.68 crore for the second quarter this fiscal," said officials. The results also reflect the company performance against first quarter of current fiscal where Decolight posted a net loss of Rs 44.58 lakhs against a net profit of Rs 55.21 lakh for the corresponding period last year.Similarly, Decolight Ceramics posted a net profit of Rs 2.10 lakh for the half year ended September 30, 2010 as against a net loss of Rs 1.86 crore for the corresponding period last year.