Zenith Birla Q1 net up 41% at Rs 3.9 cr

Zenith Birla (India) Ltd., the flagship company of the Yash Birla Group, has reported an increase of 41 per cent in profit after tax (PAT) for the first quarter of the financial year 2009-10. The company's PAT stood at Rs 3.89 crore for the quarter ended June 30, 2009.

Sales (net of excise duty) of the company were up 17.71 per cent to Rs 139.50 crore according to a statement released by Zenith Birla. Total income rose 17.38 per cent, from Rs 118.98 crore to Rs 139.66 crore. These results were declared at a Board Meeting held recently to announce the results for the quarter ended June 30, 2009.

Zenith Birla (India) Limited, together with its subsidiaries, manufactures and sells steel pipes and cutting tools in India. Its steel pipes are used in various applications, including water and gas, line pipes, structural pipes, conveyor idlers, bore well casings, scaffolding tubes, electric poles, telecommunications, conduits, precision tubes, and automobile chassis.

Shares of Zenith Birla ended down 2.9 per cent at Rs 18.40 on the Bombay Stock Exchange.