IPCL Q3 net profit up at 40.13 pc

New Delhi, Jan 15 (UNI) Indian Petrochemicals Corporation Ltd (IPCL) today said the company had a net profit of 40.13 per cent at Rs 405 crore for the quarter ended December 31, 2006 as against Rs 289 crore for same period last year.

The total income has increased from Rs 2836 crore for the quarter ended December 31, 2005 to Rs 3130 crore for the quarter ended December 31, 2006 at 9.39 per cent.

Commenting on the results, Chairman Mukesh Ambani said,''I am pleased with IPCL's performance in the third quarter. Despite a challenging environment, improvement in performance was achieved primarily through better productivity and reduction in costs, thereby enhancing value for our shareholders.'' UNI KR PA VV1900