New Delhi, Delhi, India
Phoenix Lamps, a manufacturer of automotive lamps and compact fluorescent lamps, recorded 78% increase in net profit to Rs 1420.74 lacs for the quarter ended December 2007, as compared to Rs 799.59 lacs for the same quarter, last year.
Comparaison Q3 FY 2008/Q3 FY 2007
The Profit after Tax for the quarter ended December 2007, went up by 78% to Rs.1420.74 lacs from Rs. 799.59 lacs reported in the corresponding quarter of the previous year. Income from operation for the quarter increased 33% to Rs 10135.41 lacs as compared with Rs 7605.98 lacs for the same quarter, a year ago.
PBDIT also increased 47% to Rs. 1957.44 lacs for the quarter ended December 2007 from Rs 1334.41 lacs for the quarter ended December 2006. The diluted EPS, after extraordinary items, stood at Rs 5.07, for the quarter ended December 2007.
We are looking at adding additional lines for CFL in our unit at Haridwar.
Rajiv Prasad, MD, Phoenix Lamps, said, ``The growth in profit is mainly because of better planning, forward and backward integration of units, better realization of value addition products, and working capital management. The management expects this year to be robust on account of capacity enhancement and product portfolio enhancement. We are confident of achieving significantly higher margins in this year.
About Phoenix Lamps:
Phoenix Lamps is India`s leading manufacturer of lighting sources for automotive and general lighting applications. It manufactures lamps at five of its facilities. Phoenix sells its lighting products under its own `Halonix` brand, and also does white label manufacturing for other leading brands in India.
Source: Phoenix Lamps Ltd (Business Wire India)
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