Indo Rama Synthetics turns black in Q2

Indo Rama Synthetics (India) has reported results for second quarter ended September 30, 2012.

The company has reported a net profit at Rs 103.59 crore for the quarter ended September 30, 2012 as compared to a net loss of Rs 22.84 crore for the same quarter in the previous year. Total income from operation has decreased by 5.23% at Rs 741.08 crore for quarter under review as compared to Rs 782.01 crore for the quarter ended September 30, 2011.

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.