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This is an archive article published on August 18, 2011

BILT Q4 net up 15.42% at Rs 95.8 cr

BILT posted a 15.42 per cent increase in its net profit to Rs 95.8 crore.

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Ballarpur Industries (BILT) today posted a 15.42 per cent increase in its net profit to Rs 95.8 crore for the fourth quarter ended June 30,2011 as against the same period last fiscal.

The company,which makes writing and printing paper,had a net profit of Rs 83 crore for the April-June quarter 2010,Ballarpur Industries said in a statement.

During the quarter under review,the firm recorded a 10.28 per cent increase in its revenue to Rs 1,187.4 crore,against Rs 1,076.7 crore in the year-ago period.

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For the year-ended June 30,2011,the firm had a net profit of Rs 265.6 crore,an increase by 10.48 per cent from Rs 240.4 crore posted in the fiscal year ended June 30,2010.

During the reporting year,BILT’s revenue stood at Rs 4,498.1 crore,up by 18.54 per cent from Rs 3,794.6 crore in the previous fiscal.

Shares of BILT closed at Rs 28.60 on the Bombay Stock Exchange,down 2.05 per cent from previous close.

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