Piramal Glass net profit at Rs23.4 crore

Mumbai: Mumbai-based Piramal Glass Ltd, the glass bottle manufacturing company of the Ajay Piramal group, on Wednesday reported net profit of Rs23.4 crore for the quarter ended September, up from Rs0.6 crore a year ago.

The company, which was in debt after some foreign acquisitions, made a turnaround in the fiscal ended March 2010. The company’s sales grew 26% during the September quarter to Rs70 crore.

“Our continued focus on the high-end category comprises of cosmetics and perfumery is generating persistent growth and profits,” said Vijay Shah, managing director, Piramal Glass.

Piramal Glass currently caters to three segments: cosmetics and perfumery, speciality foods and beverages, and pharmaceuticals. However, it will now reduce its exposure to pharmaceutical industry and increasingly shift focus to the cosmetics and perfumery space, Shah said.

Read the full story bellow.

600450 Piramal Glass net profit at Rs23.4 crore glassonweb.com

See more news about:

Others also read

Hot off the heels of a successful show in Madrid, Inagas continues its international tour with a presence at Zak Glass in Mumbai from 6th to 9th December.
After stupendous success of the initial three seasons, the fourth season of Zak World of Façades conference series in India kicked started in Mumbai on 22nd April 2016, ...
Siemens will be exhibiting at India’s international exhibition for the glass industry, the GLASSPEX India 2015, from March 13 -15 in Mumbai.
Arrow Digital, distributor of Epson Surepress In India, sold an SurePress L-4033AW to J P Printers in Mumbai during Labelexpo India 2014.
Mumbai has always been a city embracing every change with a forthcoming zeal. While the face of infrastructure in India is changing with numerous tall buildings dotting the skyline of major metros and sub-metros, Mumbai seems to be a virtual leader spear heading this revolution.
Three months after a blaze in a glass facade building claimed four lives at Andheri, the fire department and BMC have come out with a fresh set of guidelines for such buildings.

Add new comment