Ballarpur Ind Reports 21.85% Net Profit Growth In Q3

New Delhi: Ballarpur Industries Ltd (BILT) on April 12, registered an increase of 21.85 per cent in its net profit for the third quarter ended March 31, 2007, to Rs 64 crore from Rs 52.52 crore in the corresponding period last year. The company''s revenues grew by 15.43 per cent to Rs 602.95 crore from Rs 522.33 crore in the same period previous year. The company''s results in the current quarter have been positive as a result of its performance and firm market conditions. The recent acquisition of Sabah Forest Industries has also given a fillip to BILT''s plans of globally expanding its paper and pulp operations. BILT''s net profit for the nine-month period ended March 31, 2007, increased by 27.99 per cent to Rs 184.47 crore, from Rs 144.12 crore in the same period last year.