Birla Cotsyn posts impressive results

Birla Cotsyn, part of the Rs. 3,000 crore Yash Birla Group conglomerate, posted impressive results for the year ending March 31, 2010.

The company’s profit after tax (PAT) increased more than 50% to Rs. 548 lakhs in the year ending March 31, 2010 as against Rs. 212 lakhs the previous year. The company’s year-end results were bolstered due to the strong performance of all its segments, especially trading segment, which rose more than 50 per cent.

Net income from operations rose to Rs. 34,277 lakhs in the year ending March 31,2010 compared to Rs. 19,309 lakhs in the previous year.

Says Mr. Poddar, CEO Birla Cotsyn, “We are pleased to report another successful year of growth and operational execution, delivering results that were ahead of the outlook we provided. As we look ahead, we will remain focused on aggressively selling our broad range of solutions to our existing client base, attracting new users and developing innovative solutions.”

Birla Cotsyn produces high quality synthetic, blended ring spun yarns & 100% cotton yarn for usage in Woven and Knitted Fabrics. The product mix includes a wide range of products like 100% Viscose Yarn, Polyester/Viscose Blended Yarn, 100% Polyester Yarn, Knitting & Sewing Threads, Acrylic/Polyester Blended Yarn, 100% Acrylic Yarn, 100% Polypropylene Yarn, Fancy Effect Yarns, Injection /Slub /Silk / Flex and other natural fibers.