Indo Rama Textiles Ltd. (IRTL), today announced its financial results for the quarter ending September 30, 2005. The company’s net sales have increased from Rs.85.74 crores to Rs.87.45 crores during Q2 2005-06. The net profit for the quarter went up to Rs.2.02 crores from Rs.1.29 crores in the corresponding period last year, registering an increase of 57%.
Speaking on the occasion, Mr. Vishal Lohia, CEO, Indo Rama Textiles Ltd said, “IRTL’s performance is a result of a strong focus on value addition and efficiency enhancement. This will continue to be the cornerstone of our endeavours going forward. Additionally, our flexible operations allows us to easily interchange our infrastructure based upon the end product demand and allow us to use the right mix of raw materials which enables us to satisfy the customers’ demand at competitive rates .
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| The opportunities for the Indian textile sector are manifold and Indo Rama Textiles is geared to leverage them optimally”
The company’s net sales for H1 stood at Rs.183.95 crores, compared to Rs.185.26 crores last year. The H1 PAT 2005-06 increased by 188% to Rs.6.17 crores as against last year’s figure of Rs.2.14 crores.
The company has continued to maintain an increase in the net profit in the second quarter as well as the first half of the financial year. This performance is a result of the sound cost control measures, reduction of overheads and increases in productivity. These on-going initiatives shall continue, and are expected to yield good results for the year.
Indo Rama Textiles Limited is one of the largest Polyester-Cotton Blended Yarn exporters from the country with around 58% of its turnover constituting of exports to high-end, discerning markets of Europe, the Middle-East, Latin America, etc 
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