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Wednesday, January 17, 2007

Batliboi - Excellent Third Quarter Results

Batliboi Posts A Jump Of 133% In Net Profit

Batliboi has come out with excellent third quarter numbers. Net sales is up 42.8% from Rs. 253.58 million to Rs. 362.34 million. Profit before tax is up 138% from Rs. 25.42 million to Rs. 60.55 million whereas Net Profit jumped 133.25% from Rs. 16.93 million to Rs. 39.49 million. The quarterly EPS works out to be Rs.2.92 on an equity base of Rs. 135 million

Batliboi is a leader in textile humidification systems, which are used to maintain moisture during the spinning process. Since the abolition of the quota regime last year, the textile industry is on a capacity expansion spree with investments pouring into the spinning segment. As spindlage capacity expands in the country, the demand for these systems will continue to rise over the next couple of years.

As the leading player with a market share of over 35 per cent, Batliboi could benefit from the upward capex cycle in the textile industry. The textile machinery division also has a trading division that imports a range of machinery that caters to the entire gamut of user requirements from spinning to garment making.

Labels: Batliboi

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