Date:02/02/2005 URL: http://www.thehindubusinessline.com/2005/02/02/stories/2005020202040300.htm

Back Texmaco net rises 88 pc

Our Bureau

KOLKATA: Texmaco, a K.K. Birla group outfit, has posted an 88 per cent rise in profit after tax during the quarter ended December 31, 2004 against the corresponding quarter in the previous fiscal.

According to the unaudited results for the third quarter of 2004-05, which were taken on record by the company's board here on Tuesday, the net profit stood at Rs 7.07 crore against Rs 3.76 crore recorded in the third quarter of 2003-04. The net profit, after writing off "irrecoverable loan/advance of Rs 1 crore" and adjusting VRS payment in engineering division of Rs 13 lakh, stood at Rs 5.94 crore for Q3 of 2004-05.

The PAT for the first nine months of 2004-05 improved by 164 per cent at Rs 11.32 crore against the corresponding period of 2003-04.