Kesoram Industries net up 47% at Rs 118.48 crore

B K Birla group company, Kesoram Industries, has recorded a net profit of Rs 118.48 crore in the quarter ended June 30, 2008, an increase of 46.85 per cent on the same period last year, on the back of new capacity and better realization.

Company officials said that one of the tyre plants at Uttaranchal was commissioned and new capacity in cement went onstream. Net sales increased 30.61 per cent to Rs 1,019.46 crore.