Indian Rayon reports 25 percent higher sales for Q2/H1 FY 2006

Mumbai, India -- Indian Rayon, a major Aditya Birla Group Company, has posted its results for the quarter ended 30th September 2005. Consolidated turnover of Rs. 945.1 Crores (Euro 173 million), is up by 25.2% over Rs. 754.84 Crores achieved in the corresponding quarter of the previous year. Net profit has soared to Rs. 37.56 Crores (Euro 6.85 million) against Rs. 6.95 Crores.

The Carbon Black Division reported its best ever performance. Revenues at Rs. 136.73 Crores (Euro 25 million) are up by 20.6% vis-à-vis Rs. 113.39 Crores attained in the corresponding quarter of the previous year. The company said that domestic sales grew impressively on the back of robust auto sector growth, by 34.1%. Realisation is up by 13.2% supported by a change in market mix and the partial passing on of the high CBFS prices to the market. Volumes extended by 6.5% at 43,848 tonnes while plants operated at full capacity.

The company was re-named, Aditya Birla Nuvo Ltd

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Press release From Birla group

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