Eastern Silk registers 55 pc net profit in Q2

Kolkata, Oct 9: Eastern Silk Industries Limited has reported 55.6 per cent growth in net profit in the quarter ended September 30 at Rs 16.18 crore against Rs 10.40 crore in the corresponding quarter...

Kolkata, Oct 9: Eastern Silk Industries Limited has reported 55.6 per cent growth in net profit in the quarter ended September 30 at Rs 16.18 crore against Rs 10.40 crore in the corresponding quarter last year.
The topline registered 25.52 per cent rise to Rs 116.63 crore from Rs 92.92 crore in the corresponding quarter last year, company sources here today said.
Significantly, the operating profit margins have shown healthy improvement. It has risen to 20.8 per cent compared to 16.9 per cent in the second quarter of last year resulting into higher value addition and increasing share of machine-made fabrics in the company's production.
Net profit for the sixth months ended on September 30 was Rs 30.53 crore on net sales of Rs 229.59 crore. The fully diluted earnings per share works out to Rs 19.34.

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