Prakash Industries reports impressive performance2008-01-23 12:56:00
Prakash Industries Ltd, a diversified business house with interests in steel, power and PVC pipe, today announced its financial results for Third quarter ended December, 2007. During the quarter the company showed impressive results. Net sales/ Income from operations has increased by 28 per cent, to Rs. 329.13 crores as against 257.36 crores reported in the corresponding period last year. EBIDTA increased by 41.57 per cent, stood at 78.60 crs in the third quarter of the current year as against 55.52 crs in the corresponding period. PAT is up by 47 per cent, at 55.46 crs as against 37.76 crs in the corresponding period. Earning per share (EPS) has gone up by 46.53 per cent to Rs 5.07 in the third quarter as compared to Rs 3.46. During the quarter Prakash Industries has acquired coal blocks in the state of Chhattisgarh for company's captive use. Ministry of Coal has allotted a non-coking block to the Company i.e. Fatehpur Coal Block in the State of Chhattisgarh. The Coal block has been