ESS DEE Aluminium Q2 net rises 66.70%

ESS DEE Aluminium reported a phenomenal rise in its standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company rose 66.70% to Rs 190.20 million from Rs 114.10 million in the same quarter, last year. Net sales for the quarter jumped 61.13% to Rs 1,023.70 million, while total income for the quarter jumped 54.64% to Rs 1,034.35 million, when compared with the prior year period. The company posted earnings of Rs 6.84 a share during the quarter, registering 59.81% growth over prior year period. Quarterly Results - Standalone (Rs in mn) As at Sep - 08 Sep - 07 %Change Net Sales 1,023.70 635.33 61.13 Net Profit 190.20 114.10 66.70 Basic EPS 6.84 4.28 59.81 Ess Dee Aluminium is in the business of manufacturing and marketing aluminum foils and polyvinyl film-based packaging products for the pharmaceutical industry. Shares of the company gained Rs 2.55, or 1.74%, to trade at Rs 149. The total volume of shares traded was 43,765 at the BSE (2.14 p.m., Wednesday).