BWI: Bhartiya International Limited (BIL) Reports 36% YOY Growth in Total Income in Q3 FY12

Press release from Business Wire India
Source: Bhartiya International Limited
Wednesday, February 15, 2012 06:55 PM IST (01:25 PM GMT)
Editors: General: Consumer interest, Economy, People; Business: Business services, Clothing & accessories, Financial Analyst, Major diversified industrial groups, Retailers
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Bhartiya International Limited (BIL) Reports 36% YOY Growth in Total Income in Q3 FY12
Profit before Interest and Taxes grows by 46% YOY in Q3 FY12

New Delhi, Delhi, India, Wednesday, February 15, 2012 -- (Business Wire India) -- -- Total Income at `6571 lacs for Q3 FY12

Bharitya International Limited, the flagship company of Bharitya Group , India's largest manufacturing export house of leather garments and amongst top 25 leather apparel manufacturer in the world, today announced its third quarter FY12 financial results. The company reported total income of `6571 lacs for Q3 FY12, an increase of 36% over Q3 of FY11 and Profit before interest and tax of `485 lacs for Q3 FY12, an increase of over 46% over Q3 of FY11.

Mr. Ajay Malhotra, Group CFO, BIL said, "While we have witnessed weak sentiments in the European markets this quarter, we stay committed to building resilience in our business model to withstand such realities and volatilities. Our strategy implementation is on course and we are pleased to report a strong YOY revenue growth this quarter. We continue to build a diversified business model with greater contribution from other businesses kicking in soon."



CONTACT DETAILS
Jatin Patel, Vice President, Bhartiya International Limited, +91 (124) 4888555
Samir Kapur,Communication Consultant, +91 9810013500

KEYWORDS
CONSUMER, ECONOMY, PEOPLE, BUSINESS SERVICES, CLOTHING, Financial Analyst, GROUPS, RETAIL

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