IPCL announces Q2 net profit of Rs.351 Crores

Indian Petrochemicals Corporation Ltd (IPCL) has announced the following Unaudited results for the quarter ended September 30, 2006:

The Company has posted a net profit of Rs 3510 million for the quarter ended September 30, 2006 where as the same was at Rs 3210 million for the quarter ended September 30, 2005. Total Income is Rs 31660 million for the quarter ended September 30, 2006 where as the same was at Rs 26220 million for the September 30, 2005.

Commenting on the results, the Chairman, Mr. Mukesh Ambani said, "The successful merger and integration of the six polyester Companies with IPCL provides it with a new platform of growth allowing it to further climb the value chain in its existing business and de-risk its business model to create superior and sustainable shareholder value."

Source : Equity Bulls

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