Rainbow Papers Dec qtr PAT at Rs 5.42 cr

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Rainbow Papers has posted a growth of 11.77 % in revenues and 6.17 % in net profits for the quarter ended December 31, 2009 over the corresponding figures of the previous year. The revenue for the quarter stand at Rs. 67.98 crore and the profits have zoomed to Rs. 5.42 crore. (After adjusting P.Y. depreciation on account of change of method)*

For the nine months ending December 31, the revenue stands at Rs. 175.83 crore and the profits at Rs. 15.77 crore.

The earnings per share (EPS) works out to Rs. 7.52 for third quarter ended 31st December 2009, as compared to Rs. 1.24 in corresponding quarter of previous year.

Key Highlights

• Q3 Sales up by 11.77% to Rs.67.98  crore
• Q3 Profits up to Rs.5.42 crore*
• The earnings per share (EPS) works out to Rs. 7.52
• Q3 EBIDTA margins at 25.26 %
• Financial closure of Rs. 327 crore expansion project
• Power plant capacity expansion to 45 MW