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Indo Rama Syntetics registers net sales of Rs. 705.27 cr

| | Aug 09, 2014, at 03:23 am
#Indo Rama Syntetics registers net sales of Rs. 705.27 cr
New Delhi, Aug 8 (IBNS): Polyester manufacturer Indo Rama Synthetics (India) Limited on Friday announced its audited results for the quarter and financial Year ended June 30, where its net sales at Rs 705.27 crore as against Rs 706.26 of Q1 of previous year.
The EBIDTA for the period stood at Rs 58.10crore.  Net profit for the period stood at Rs 22.05 crore.
 
Commenting on the company’s performance, Mr. O. P. Lohia, Chairman &Managing Director, Indo Rama Synthetics (India) Ltd. said, "The overall market outlook for polyester remained turbulent and uncertain in the last few quarters. High raw material cost has impacted the overall business proposition in a big manner. We remained watchful, agile and prudent and have launched several operational excellence initiatives to further enhance our operational performance in the last quarter. I am confident that with our clear strategic focus, our superior execution and our top notch team, we will be delivering better margins in the future."
 

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