Net sales for the quarter rose 32.42% to Rs 22,344.70 million, while total income for the quarter rose 31.76% to Rs 22,646.60 million, when compared with the prior year period.

The company posted earnings of Rs 0.11 a share during the quarter, registering 99.11% decline over previous year period.

 

During the quarter, Interest cost increased 2.72 times to Rs 766.90 million while depreciation cost rose 28.69% to Rs 244.90 million over previous year period.

In Sep. 30, 2008, the company has issued and allotted 1,301,000 equity shares of Rs 2 each at an exercise price of Rs 51 per equity share on July 5, 2008 in terms of employee stock option plan-2005.