Moneycontrol.com reported that the board of directors of Zenith Birla Limited, the flagship company of the Yash Birla Group India's leading manufacturer of ERW welded steel pipes and HSS cutting tools, approved the unaudited Financial Results for the Q2 ended September 30th 2008.

The financial highlights in comparison to corresponding period are as given below:

1. Turnover of INR 16643 million against INR 10341 million for the corresponding previous quarter an increase of 61%.

2. Turnover for the H1 year ended September 2008 of INR 29629 million against INR 18707 million for the corresponding period of previous year an increase of 58%.

3. Operating Profit of INR 1050 million against INR 219 million for the corresponding previous quarter an increase of 379%.

4. Operating Profit for the H1 year ended September 2008 of INR 1748 million against INR 220 million for the corresponding period of previous year an increase of 695%.

5. Cash profit of INR 671 million against INR 407 million for the corresponding previous quarter an increase of 65 %.

6. Cash profit for the H1 year ended September 2008 of INR 1597 million against INR 799 million for the corresponding period of previous year an increase of 100%.

7. Earnings per share for the quarter is INR 0.38.

Mr MS Arora CEO & ED of Zenith Birla Ltd said that "Zenith has continued its stellar performance and heartwarming results despite tough times. This quarter began with the challenges of runaway steel prices, high interest rates and skyrocketing energy costs but subsequently, we got a slight reprieve with the cooling down of raw material prices. However, the times only got more interesting with a virtual mauling of the global economy in the aftermath of the sub prime crisis and carnage of financial and commodity markets.