Nakoda Limited Q3 PAT up by 41%

Nakoda Limited (BSE code: 521030), one of the largest manufacturers of the fully drawn yarn, reported a robust growth in revenue for the quarter ended, September 30, 2010.

The company saw an increase in revenue by a whopping 35.75% from Rs. 262.32 Cr to Rs. 356.11 Cr during the same period for the last fiscal.  The profit after tax for the quarter ended September 30, 2010 stood at Rs. 8.73 Cr, resulting into an increase of 40.81%, as against Rs. 6.20 Cr in the corresponding period of the last fiscal. The revenue for the nine month ended on 30th September, 2010 also rose by 27.66% from Rs. 750.59 Cr to Rs. 958.23 Cr during the corresponding period of the previous year. Net Profits during the nine month increased significantly by 50.47% from Rs. 15.87 Cr during the corresponding period in the last fiscal to Rs.23.88 Cr

Income from the Manufacturing Segment rose by 55.88% to Rs. 169.72 Cr from Rs. 108.88 Cr for the quarter under consideration. In the trading segment, the sales touched Rs. 186.38 Cr from Rs. 153.44 Cr, an increase of 21.47%.

About Nakoda Limited:
Nakoda, an ISO 9001 - 2008 company, is one of the prominent players in the Polyester Filament Yarn Industry in the country. From a modest capacity of 354 MTPA in 1986, Nakoda grew to 50,000 MTPA capacity company by 2008. With the completion of its ongoing backward integration/ expansion / forward integration project with a capital outlay of Rs 333 Cr, Nakoda will achieve a capacity of 1,40,000 MTPA by November / December, 2010. Nakoda is contemplating further investments of over Rs 1,500 Cr to raise the capacity to a level of 5, 00,000 MTPA in India and for future overseas acquisitions. Nakoda had earlier set up a Wind Power capacity of 6.75 MW and is implementing a project to expand its Wind Power capacity to 12 MW by installing Five Wind Mills in Madhya Pradesh. 

Nakoda ranks amongst top 500 in Indian companies according to the research carries out by Business India as well as Financial Express.