Century Textiles posts Rs 1.6 cr profit in Q3

Company had posted a loss of Rs 29 crore in the Oct- Dec period of 2012-13 fiscal

B K Birla Group firm Century Textiles and Industries today reported a profit of Rs 1.58 crore for the third quarter ended December 31, 2013-14 fiscal.

It had posted a loss of Rs 29.19 crore in the October- December period of 2012-13 fiscal, the company said in a BSE filing.

Century Textiles' total Q3, 2013-14 income stood at Rs 1,639.33 crore, compared to Rs 1,520.11 crore in the year-ago period.

The company's Q3 revenue from its textiles division was Rs 410.60 crore, as against Rs 380.84 crore in the same period of the last fiscal.

However, revenue from the cement division decreased to Rs 752.65 crore this quarter. It was Rs 785.43 crore in the third quarter of the last year.

Revenue from its pulp and paper division increased to Rs 467.74 crore last quarter, compared to Rs 345.73 crore of the corresponding period last year.

The company's shares were trading at Rs 292.90 per scrip during afternoon trade on the BSE, up 1.26% from their previous close.