Greaves Cotton Q1 net profit up 25.85 per cent at Rs 34.95 crore

NEW DELHI: Engine maker Greaves Cotton Ltd today posted 25.85 per cent increase in net profit for the quarter ended June 30, 2011 at Rs 34.95 crore.

For the first quarter of last financial year, the company's net profit was Rs 27.77 crore, it said in a filing to the Bombay Stock Exchange.

The company's net sales for the three months ended June 30, 2011 increased 16.25 per cent at Rs 401.83 crore, as against Rs 345.66 crore in the same period of last fiscal.

The firm manufactures industrial products including diesel and petrol engines, gensets, agro equipment and construction equipment.

Greaves Cotton's scrips were trading at Rs 87.70 per share in the afternoon trade, up 2.15 per cent from the previous close on the BSE.