Date:31/10/2005 URL: http://www.thehindubusinessline.com/2005/10/31/stories/2005103100140300.htm

Back Vimal Oil Q2 net zooms to Rs 1.33 cr

Our Bureau

Mumbai , Oct. 30

VIMAL Oil and Foods Ltd, the flagship company of the Rs 1,000-crore-plus Vimal Group, has posted an 189.21 per cent rise in net profit at Rs 1.33 crore for the quarter ended September 30, 2005 against Rs 0.46 crore in the year-ago period.

The Q2 income from operations increased 151.93 per cent to Rs 113.71 crore (Rs 45.14 crore). Earnings per share for the quarter stood at Rs 2.94.

Vimal Oil reported a 125.57 per cent rise in net profit at Rs 2.13 crore for the six-month period ended September 30, 2005 as compared to Rs 0.95 crore. Income from operations during this period increased by 78.37 per cent to Rs 180.79 crore (Rs 101.36 crore).

The company's stock closed at Rs 28.55 on the BSE Indonext on Friday.