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 Corporate Results - Textiles


Jindal Polyester net zooms 175 pc

Our Bureau

NEW DELHI: Jindal Polyester Ltd has registered a net profit (PAT) of Rs 15.42 crore during the April-June quarter this year. This works out to an improvement of 175 per cent over the net profit earned in the same quarter during the previous year.

According to the company press release, the profit in the first quarter in 2002 was achieved on the back of sales worth Rs 118.95 crore. For the quarter, the profit before tax (PBT) was also up 174 per cent at Rs 16.58 crore as compared to that in the like quarter last year.

During the quarter, JPL recorded overseas sales worth Rs 24.89 crore, which amounted to almost 50 per cent of the total exports registered during the whole of the financial year ended March 31, 2002.

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