Bilt Q3 Net Sales Up 12.8% to Rs 5.6bn
Net profits jump over 70% to Rs 324.8mn
Paper major Ballarpur Industries Ltd. (Bilt) has reported a 12.8% rise in sales to Rs 5.6bn for Q3 ended 31st March 2004.
Non-operating income has dropped from Rs 30.2mn to Rs 22.9mn. Despite a drop in operating margins from 19.3% to 18.75%, operating profits show a rise of 9.5% to Rs 1bn. Net interest and depreciation charges stood at Rs 312.6mn and Rs 328mn respectively.
Profit before tax grew by 38.3% to Rs 433.7mn as compared to Rs 313.5mn during Q3FY2003. Tax provisions during the quarter were comparatively 11.5% lower at Rs 108.9mn. Overall net profits jumped 70.5% from Rs 190.5mn during Q3FY2003 to Rs 324.8mn. Diluted earnings for the quarter stood at Rs 1.79 per share.
