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   The Economic Times                                                                    July 28, 2001 
   ITC Bhadrachalam posts 15 p.c. hike in Q1 operational profit to Rs.7.3 cr


Kolkata : ITC Bhadrachalam Paperboards Ltd has registered a 15 per cent increase in operational profit in the first quarter of the current fiscal to Rs.7.25 crore from Rs.6.31 crore in the corresponding quarter of the previous year. According to a company press release, the higher profits were achieved due to enrichment of product mix and consequent higher price realisations despite a slowdown both in domestic and global paper markets. The first quarter PAT has, however, been constrained by the provision of Rs.2.82 crore on account of deferred income tax to comply with the new accounting standards introduced this year.

 
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