Date:26/10/2004 URL: http://www.thehindubusinessline.com/2004/10/26/stories/2004102601980201.htm

Back Nava Bharat Ferro net up

Our Bureau

HYDERABAD: Nava Bharat Ferro Alloys Ltd has recorded a growth of 56.84 per cent in turnover and 220.6 per cent in net profit for the second quarter of current fiscal ended September 30.

As per the unaudited financial results taken on record by the board on Monday, the company achieved a turnover of Rs 171.96 crore for the quarter under review compared with Rs 109.64 crore in the corresponding quarter of previous fiscal and posted a net profit of Rs 39.05 crore (Rs 12.18 crore).

For the six-month period ended September 30, the company achieved a turnover of Rs 303.87 crore (Rs 217.84 crore) and a net profit of Rs 76.18 crore (Rs 21.78 crore), yielding an EPS of Rs 57.03 (Rs 16.31) on an equity base of Rs 13.35 crore.