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Binani Cement FY10 net profit up 159% yoy

Sales Volume grown to 52.95 lacs MT, reported a growth of 25%

April 24, 2010 10:41 IST | India Infoline News Service

Binani Cement Limited, the flagship company of Braj Binani Group, announced its annual results for the year ended 31 March, 2010 of FY 10.
 
YEAR FY10  Vs. YEAR  FY09

Net Sales increased by 24% to Rs18.51bn as compared to Rs148.98bn in previous year.
EBIDTA gone up by 89% to Rs5.78bn from Rs3.06bn in previous year.
PBT of FY10 stood at Rs4.08bn as compared to Rs1.55bn, registering an increase of 164%
PAT of FY10 stood at Rs2.82bn as compared to Rs 1087 mn in nine months period FY10 registering an increase of 159%
Sales Volume grown to 52.95 lacs MT, reported a growth of 25%
Power generation ( net of captive consumption) increased by 31% to 2449 lacs kwh

Commenting on the Company’s performance in fourth quarter of financial year 2010 and business outlook, Mr. Vinod Juneja, Managing Director, said, “We at Binani are in the expansion mode not only in India but also overseas. As we have strengthened our base in the Indian markets we also look at expanding our footholds in the international markets. In the coming years we are aiming at increasing capacities both in India & overseas.”


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