Indo Rama Synthetics (India) Ltd., which claims to be India’s largest polyester manufacturer, has posted improved second quarter and half year results.

Sales for the quarter totalled Rs7.2 billion ($182.5 million) compared with Rs4.2 billion in the corresponding period last year, an increase of 70%.

Sales for the six-month period rose 55.9% to Rs14.5 billion compared with Rs9.3 billion for the prior-year period.

Chairman and managing director, Mr O Lohia, said: “The demand environment continues to be positive for the polyester segment.”

“I believe Indo Rama Synthetics is well poised to deliver strong bottom line growth, going forward,” he added.

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