Texmaco Q3 net zooms 105%

Texmaco, a KK Birla Group company, has reported a 105 per cent jump in net profit at Rs 14.6 crore for the third quarter ended December 31, 2007 as against Rs 7 crore in the corresponding period last year. The turnover rose from Rs 121.50 crore to Rs 221 crore over the same period, clocking a growth of 82 per cent.

"Texmaco's growth in net profit during October-December 2007 has come on the back of higher production. The company's turnover has posted a CAGR (compounded annual growth rate) of over 40 per cent in the past five years," President and Chief Executive Officer Ramesh Maheshwari said.