Monday, May 14, 2007

RPG Transmission Q4 net up three-fold (Economy Times)

PTI[ MONDAY, MAY 14, 2007 09:45:56 PM]

NEW DELHI: RPG group company, RPG Transmissions Ltd on Monday reported more than three-fold jump in its net profit for the quarter ended March 31 at Rs 10 crore as against Rs 2.85 crore in the corresponding quarter of previous fiscal.

The company's revenue in the quarter under review stood at Rs 101 crore, RPG said in a statement.

For the fiscal year ended March 31, the company's net profit grew over two-fold at Rs 26 crore as against Rs 10.27 crore in the previous fiscal, the statement said. RPGs revenues in the year were up 57 per cent at Rs 373 crore compared to Rs 237.57 crore in last year.

"Our margins have now reached the industry average, manufacturing capacities are now fully utilised, net-worth has increased substantially and fresh orders received during the year ensure that we have a comfortable order-book at the year end of Rs 480 crore," RPG Transmission Executive Director Ajit S Chouhan said in the statement.

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