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Indian textile companies on a roll
Jaybharat Textiles and Real Estate Ltd, a flagship company of Saurabh Kumar Tayal Enterprises has recorded impressive Q3 results. The company achieved net sales of Rs 520.6mn during Q3 ended 31st December 2005 as against net sales of Rs 169.9mn during...more
by Textile Intelligence
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Jaybharat Textiles and Real Estate Ltd, a flagship company of Saurabh Kumar Tayal Enterprises has recorded impressive Q3 results. The company achieved net sales of Rs 520.6mn during Q3 ended 31st December 2005 as against net sales of Rs 169.9mn during the previous corresponding quarter ended 31st December 2004. Further company has also announced stock split of its Rs 10 face value share to Rs 5 face value share. A resolution to this effect was passed at the Board meeting of the company on January 10, 2006. The company's net profit increased to Rs 62.8mn for the third quarter ended 31st December 2005 as compared to Rs 16.5mn during the third quarter ended 31st

December 2004. On a paid up capital of Rs 102mn, the earnings per share works out to Rs 6.15 for third quarter ended 31st December 2005 compared to Rs 16.19 for third quarter ended 31st December 2004. On a nine-month basis ended on 31st December 2005, the company's net profit increased to Rs 189.2mn as compared to Rs 35.9mn during nine months ended on 31st December 2004. On a paid up capital of Rs 102mn, the earnings per share works out to Rs 18.53 as compared to Rs 35.20. The net sales amounted to Rs 1.4bn as against Rs369.7mn respectively. The company is also planning to go ahead with real estate activities of construction and development of five star hotel, shopping malls, IT parks, residential complexes and multiplex etc. 



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