Indian Rayon announces 16 percent rise in sales for 2nd quarter

Mumbai, Maharashtra, India -- Indian Rayon, a major Aditya Birla Group Company, has reported a turnover of Rs. 485.08 Crores for the quarter ended 30th June 2005, a growth of 16.6% vis-à-vis Rs. 416.12 Crores achieved in the corresponding quarter of the previous year. While all businesses registered a good growth, Garments and Insulators have been the major contributors.

The company said, "The Rayon Division's revenues at Rs. 86.81 Crores rose 15.3% compared to Rs. 75.31 Crores in the corresponding quarter of the previous year. While VFY sales volume grew by 12.7% to 3,926 tonnes, realisations were affected due to high inventory levels and cheap imports from China. On a positive note, the chlor-alkali segment has been buoyant, buffeted by chemical volumes and higher ECU realizations leading to improved revenues."

Adding, "Carbon Black Division's revenues at Rs. 122.26 Crores are up by 10.5% vis-à-vis Rs. 110.70 Crores attained in the previous year. Domestic sales grew by 9%, which improved the realisation by 10.2%. The volumes were marginally up at 40,988 tonnes while plants operated at their full capacity."

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Press release from Birla