Indo Rama Synthetics reports stellar Q1 numbers

Indo Rama Synthetics (India) has reported unaudited results for the first quarter ended June 30, 2011.

The company’s profit for the quarter ended June 30, 2011 has stood at Rs 51.14 crore as compared to a net loss of Rs 12.53 crore for the corresponding quarter last year. Total income has zoomed by 582.45% at Rs 625.81 crore for the quarter under review from Rs 91.70 crore for the same quarter last year.

Indo Rama Synthetics is India’s largest dedicated polyester manufacturer with an integrated manufacturing complex at Butibori near Nagpur, Maharashtra, with capacity of 6,10,050 tonnes per annum of polyester staple fibre , filment yarn, drae texturized yarn , fully drawn yarn and textile grade chips.