Thursday, July 21, 2005

Texmaco Ltd posts 274% rise in profit

K K Birla group engineering outfit, Texmaco Ltd, has posted a 274% rise in net profit at Rs 3.28 crore in quarter ended June 30, 2005 from Rs 60.68 lakh in the same period of the last fiscal. The turnover during the period has improved considerably from Rs 34.87 crore in the first quarter of 2004-05 to Rs 57.7 crore in the corresponding period of 2005-06. The heavy engineering division has made a real turnaround and posted a profit of Rs 4.01 crore compared with Rs 1.19 crore in the year-ago period.