Evinix Q2 net up 249 pc at Rs 5.36 cr

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Mumbai, Nov 2 (UNI) Fashion accessories manufacturer Evinix Accessories has reported a 249.45 per cent jump in its net profit at Rs 5.36 crore for the second quarter ended September 30, as compared to Rs 1.53 crore in the corresponding period last year.

Net sales more than doubled, rising by 102.32 per cent at Rs 32.22 crore in the second quarter ended September 30 as compared to Rs 15.92 crore for the same period last year. The earning per share (basic and diluted of face value Rs 10) for the quarter stood at Rs 5.01 as on September 30, as compared to Rs 2.13 in the corresponding quarter last year.

The company has reported a 155.74 per cent jump in consolidated net profit at Rs 8.04 crore for the six-month period ended September 30, as compared to Rs 3.14 crore in the corresponding period the previous year. Total consolidated income rose 76.57 per cent to Rs 53.47 crore as against Rs 30.25 crore during the same period previous year.

Evinix managing director Rajeev Taneja said in a release, '' While the company's financial results reflect strong returns on invested capital, our dedication manifests itself in our products. Going forward, the company is in the process of rolling out its next phase of expansion plans.'' UNI

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