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Century Textiles firms up despite reporting drop in Q1FY13 net profit

01 Aug 2012 Evaluate

Century Textiles & Industries is currently trading at Rs 302.50, up by 12.25 points or 4.22% from its previous closing of Rs 290.25 on the BSE.

The scrip opened at Rs 290.00 and has touched a high and low of Rs 306.80 and Rs 283.70 respectively. So far 786635 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 388.15 on 04-Apr-2012 and a 52 week low of Rs 215.65 on 05-Jan-2012.

Last one week high and low of the scrip stood at Rs 307.60 and Rs 280.85 respectively. The current market cap of the company is Rs 2699.72 crore.

The promoters holding in the company stood at 40.38% while Institutions and Non-Institutions held 24.45% and 34.83% respectively.

Century Textiles & Industries has reported a fall of 89.92% in its net profit at Rs 2.41 crore for the quarter under review as compared to Rs 23.90 crore for the same quarter in the previous year. The total income of the company has increased by 18.25% at Rs 1394.75 crore for Q1FY13 as compared Rs 1179.51 crore for the corresponding quarter previous year.

Century Textiles & Industries has wide portfolio that manufactures yarn, denim, viscose filament rayon yarn, tyrecords, caustic soda, sulfuric acid, salt, cement and pulp & paper.

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