Ballarpur Industries Ltd (Bilt) has posted a 41.6 per cent rise in its net profit at Rs 196.5 million during the quarter ended December 2002 over Rs 138.8 million in the same period last year. Net sales between October-December increased by 3.9 per cent at Rs 3.87 billion. For the half-year ended December 2002, Bilt recorded a 48.6 per cent rise in net profit at Rs 408.4 million. In line with the company's strategy of focusing on the paper industries, the Board of Directors on January 29 cleared the proposal to dispose off the investments of Janpath Investments & Holdings Ltd, a wholly owned subsidiary.
