Blow Plast Ltd. Q2 FY07 Sales up by 17%
Blow Plast Ltd reported a total income of Rs. 42.74 crore for the second quarter ended September 30, 2006.
Tweet-- Blow Plast Ltd reported a total income of Rs. 42.74 crore for the second quarter ended September 30, 2006 as compared to Rs. 36.45 crore (17% growth) in the corresponding quarter of the previous year. Operating profit (before interest, depreciation and tax) has increased marginally from Rs 0.88 crore to Rs. 1.03 crore for this quarter; while net profit increased from a loss of Rs 0.04 crore in the second quarter of the previous year to Rs 0.16 crore for the second quarter ended September 30, 2006. Profits have increased marginally due to the escalation in expenses on account of increased focus on the retail channel.
For the first six months of the current year, Blow Plast Industries has posted a 7.5% growth in total income at Rs 133.20 crore It stood at Rs 123.89 crore in the corresponding period of the previous year. Profit After Tax has decreased from Rs 5.68 crore to Rs 4.70crore in the first six months of this year. EPS for the half-year stands at Rs 2.8 (not annualized).
Notes to Editor
About Blow Plast Ltd.
Blow Plast, a part of the D G Piramal group, is involved in the marketing of plastic moulded and soft luggage and office furniture systems manufactured by the group. In the year ended 31 March 1999, the company had an operating income of Rs. 266.15 crore and a net profit of Rs.7.55 crore.