Vadilal Industries registers Rs 16.6 million profit for September 2009 quarter

Vadilal IndustriesVadilal Industries has informed that it has posted a profit of Rs 16.65 million during the quarter ended September 2009, as compared to a loss of Rs 3.43 million in the corresponding period last fiscal.

As per official sources, company’s net sales in the said quarter have witnessed a growth of 35.79% to Rs 464.60 million, while total income for the similar period surged 36.26% to Rs 466.36 million, when compared with the prior year period.

The company has registered earnings of Rs 2.32 per share during the quarter under review, posting 4.83 times growth over prior year period.

During the reporting quarter, the operating margin of the company surged by 233.14 basis points to 10.73% compared with the year-ago period. Interest cost has plunged 41.74% to Rs 12.80 million while depreciation cost grew 10.68% to Rs 13.16 million over previous year period.

Shares of the company gained Rs 3.5, or 4.96%, to settle at  Rs 74.10.  The total volume of shares traded was 13,580 on Bombay Stock Exchange.