RSWM Dec qtr net up four-fold to Rs 39.89 cr

NEW DELHI: LNJ Bhilwara Group firm RSWM Limited today posted an over four-fold jump in its net profit to Rs 39.89 crore in the quarter ended December 31, 2010 over the same period last fiscal.

The company, which is into textile manufacturing, also said its board of directors has approved a 100 per cent interim dividend with Rs 10 per share on equity shares amounting to Rs 23.14 crore.

During the quarter, the company's net sales stood at Rs 478.89 crore, a 22 per cent increase from Rs 389.47 crore in the corresponding period last fiscal.

"We continue to grow further on the back of our diverse product mix and enhanced capacities and improve our performance going forward from expanded operations," RSWM Executive Director J C Laddha said in a statement.