Manufacturer and distributor of cotton and synthetic yarns, Eskay K`n`IT
(India) announced a substantial drop in standalone net profit for the
quarter ended December 2008.

During the quarter, the profit of the company declined 68.61% to Rs 21.29
million from Rs 67.82 million in the same quarter last year.

Net sales and the total income for the quarter rose 0.82% to Rs 1,822.16
million and Rs 1,822.68 million respectively, when compared with the prior
year period.

The company posted earnings of Rs 0.08 a share during the quarter,
registering 66.67% decline over prior year period.


  *Quarterly Results - Standalone (Rs in mn)*
 *As at*
 *Dec - 08*
 *Dec - 07*
 *%Change*
 *Net Sales*
 1,822.16
 1,807.37
 0.82
 *Net Profit*
 21.29
 67.82
 (68.61)
 *Basic EPS*
 0.08
 0.24
 (66.67)

B.Karthick
Research Analyst

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