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Piramal Glass’ Q1 net tumbles 87%

10 Aug 2012 Evaluate

Piramal Glass has reported results for first quarter ended June 30, 2012.

The company has reported a decline of 86.69% in its net profit at Rs 2.56 crore for the quarter under review as compared to Rs 19.23 crore for the same quarter in the previous year. However, the total income from operation of the company has increased by 21.41% at Rs 239.57 crore for Q1FY13 as compared Rs 197.33 crore for the corresponding quarter previous year.

Piramal Glass is engaged in the business of manufacturing packaging solutions for the perfumery and pharmaceuticals.

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