Varun Industries Q2 FY11 Results : Net profit rises 167.60%

by khalid on 30/10/2010 · 0 comments

Varun Industries Limited has posted a phenomenal increase in net profit for the period Q2 (ending Sep 2010) of the current fiscal (FY11). During the said quarter, net profit rises 167.60% to Rs 12.39 crore in comparison to the Rs 4.63 crore of Q2 (ending Sep 09) of previous year(FY10). Varun Industries Limited is an India-based company. Varun Industries Limited is a manufacturer and exporter of stainless steel cookware, kitchenware, houseware and general merchandise. The Company’s operations include manufacture, import and export of and trading in stainless steel utensils, kitchenware, cutlery (house hold articles), stainless steel sheets and coils, hotel /catering equipments, power generation, and petroleum and natural gas.

The company informed the share market(BSE) that the net sales increased 204.53% to Rs 885.82 crore in quarter ended Sep 2010 when compared with the last years same quarter ended Sep 2009 which was Rs 290.88 crore.

Share’s Data :-
BSE Code : 532917
Mkt. Cap : Rs 487.19 Crores
Varun Industries Ltd. share’s CMP is Rs 220.45 on 29th Oct 2010.

Source :- BelltheBull

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