Baba Arts' net profit up by 142 per cent in Q3

Mumbai, Jan 31 (UNI) Baba Arts Limited has seen its net profit for the quarter ended December 31, 2006, increased by 142 per cent year-on-year, to Rs 143.2 lac from Rs 59.82 lac during the corresponding quarter previous year.

For the nine months since the start of the financial year, net profit has climbed to 67.8 per cent, to Rs 287.01 lac from Rs 171 lac last year, a company release here today said.

Total Income for the quarter has increased 9.5 per cent to Rs 584.86 lac, while Earnings Per Share is Rs 1.42 per share. EPS for the nine months is Rs 2.86 per share.

Recently, Baba Arts signed an agreement with Moser Baer Limited to exclusively manufacture, market and distribute over 450 Telugu titles of Baba Arts Ltd. The agreement will entitle Moser Baer to exclusively manufacture, market and distribute VCDs and DVDs of these titles in the Indian market, for a period of eight years, the release added.

UNI