Mafatlal Ind Q1 net profit up three fold at Rs 13.05 crore

Mafatlal Industries, the flagship company of Arvind Mafatlal Group, said its net profit for the quarter ended June 2013 jumped to Rs 13.05 crore as against Rs 4.13 crore in the same period last year.

The total income jumped from Rs 140.49 crore to Rs 222.43 crore in the period under review, a company statement said.

"Following the amalgamation, capacity expansion across the denim and fabric divisions will strengthen the company's sectoral position," MIL Chairman H A Mafatlal said.

For the year 2012-13, MIL's total income was Rs 840.38 crore, EBIDTA Rs 89.99 crore, cash profit Rs 51.60 crore and net profit at Rs 37.16 crore. The company has declared a 30 per cent dividend apart from 20 per cent special centenary dividend.