Birla Cotsyn's revenues surge in second quarter

Birla Cotsyn, part of the Rs 3,000 crore Yash Birla Group conglomerate, has posted a revenue (unaudited) of Rs 71 crore for the quarter ended September 30,2009, up 122.75% from the comparable quarter of the previous year.

Segment-wise, revenues from Trading stood at Rs 44 crore compared to Rs 15.50 crore in the corresponding quarter last year, while revenues from Textile segment for the same quarter jumped to Rs 26.84 crore from Rs 16..5 crore. The company reported profit after tax (PAT) of Rs 154 lakh in the second quarter ended September 30, 2009, as against Rs 22 lakh in the corresponding quarter last year.

Birla Cotsyn produces high quality synthetic, blended ring spun yarns & 100% cotton yarn for usage in Woven and Knitted Fabrics, Textiles, Blankets, Towels, Upholstery, Furnishings, Curtains, Bed Sheets, Made-up and Industrial 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.

About Yash Birla Group

The Yash Birla Group is an INR 30 Billion conglomerate of over 20 diversified companies which run the gamut from established sectors like Auto & Engineering, Textiles & Chemicals and Power & Electricals to emerging sectors of today like Wellness & Lifestyle, Education & IT. Today the group has 9 listed entities in India.