Birla Precision observes massive surge in Net Sales in Q3

Birla Precision Technologies Ltd (BPT), part of the Rs 3,000 crore Yash Birla Group (YBG) conglomerate, has posted a revenue (unaudited) of Rs 7,716.12 lakhs for the quarter ended December 31st, 2010.

Birla Precision Technologies Ltd has posted an impressive rise in Profit Before Tax (PBT) to Rs. 496.44 lakhs as against a loss of Rs. 30.77 lakhs in the corresponding quarter a year ago. The company has a net profit of 332.02 lakhs for the third quarter of the financial year 2009-2010. In the same period, EBDITA has risen to 658.77 lakhs as compared to the corresponding period last year. The results were declared at a Board meeting held on 09th February, 2011 to announce the results for the quarter ended 31st December, 2010.

Expressing his delight, Mr. Sachin Sanghavi, CFO, Engineering Business, BPT, said,"With the rapid rise of demand in the auto sector correspondently Birla Precision, a market leader in the auto ancilliary business has been able to leverage this boom by meeting the increased demand. Our exports have increased with the opening up of demand in foreign markets. With the increasing vehicle sales and market positivity, going forward we expect to sustain this growth momentum."

The company reported profit after tax (PAT) of Rs 332.02 lakhs in the third quarter ended December 31st, 2010, as against a loss of Rs (30.77) lakhs in the corresponding quarter last year.