Prakash Industries Q2 FY10 : Net up 40%

by khalid on 21/10/2009 · 0 comments

prakash

Prakash Industries has posted a net profit of Rs 68 crore in the Q2 of the current fiscal. The company had recorded a net profit of Rs 48 crore in the corresponding quarter of the last fiscal. This is an increase of 40% in profit.

The company informed the market that net sales in the present Q2 of current fiscal is Rs 3.77 billion. Earning per share is Rs 5.87 in the present quarter and a 40% growth has been recorded in earnings as compared to the corresponding quarter of the last fiscal.

The company attribute this strong performance to the highest ever production volumes of their steel operations. The finished steel production has also witnessed a steep rise of more than 17% during the quarter.

Prakash Industries share’s CMP is Rs 154.50 on 20th Oct 09.

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