Century Textiles net up at Rs 75 cr

BS 200 Scorecard

Riding on higher cement prices and better performance of the pulp and paper business, Century Textiles & Industries has posted 10-fold growth in net profit at Rs 74.79 crore for the quarter ended September 30 against Rs 7.41 crore in the previous corresponding period.

The revenue of the company rose 27.72 per cent to Rs 760.05 crore for the quarter from Rs 595.08 crore in the corresponding quarter last year.

The income from other operations, which include salt, chemicals and floriculture, increased to Rs 17.94 crore during the September 2006 quarter "� a surge of 48.02 per cent from Rs 12.12 crore in the corresponding quarter of 2005-06.

The company's cement business posted 44.20 per cent rise in sales at Rs 397.11 crore in the quarter under review against Rs 275.39 crore in the corresponding period last year.

Sales in the textile sector rose 12.17 per cent to Rs 200.96 crore versus Rs 179.22 crore last year.

In the quarter, the pulp and paper business too grew, by 25.85 per cent at Rs 146.57 crore compared with Rs 118.05 crore in the same quarter a year ago.

The company's earning per share grew to Rs 8.04 from Rs 0.80.

For the half year ended September, the company's net profit surged 170.08 per cent to Rs 144.52 crore against Rs 53.51 crore in the corresponding six months last year.

During the period, the company's revenues increased to Rs 1,463.61 crore from Rs 1,233.26 crore in the corresponding period last year.