Small BusinessCentury Textiles net doubles
Century Textiles and Industries, part of the B K Birla group, has posted a rise of 110.52 per cent in its net profit for the quarter ended December 2009 at Rs 59.64 crore compared with Rs 28.33 crore in the corresponding previous quarter. Its net sales during the period grew to Rs 1,068.10 crore against Rs 879.79 crore, up 21.4 per cent.
- Torrent Pharma"s net up 64% - SAIL net profit doubles to Rs 1,676 crore - IDFC consolidated net profit up 46 per cent - PNB net flat due to treasury hit - BoB net jumps 17.5% - BoB Q3 profit up 18% on strong growth in fee-income
The company has three businesses — cement, textiles and pulp & paper. The cement division helped the company to post high profits as demand remained robust along with higher prices. The cement segment contributed revenues of Rs 651.21 crore against Rs 504.48 crore last year.
Meanwhile, revenues from the company’s textiles business, too, went up from Rs 166.67 crore to Rs 208.96 crore, mainly on the back of its new plant at Bharuch in Gujarat going on stream.