Engineering, construction and procurement (EPC) company, Jaihind Projects Ltd, said its net profit for the June 2010 quarter rose 22.5% to Rs6 crore from Rs4.9 crore in the same quarter last year.
In the June 2010 quarter, its total revenues increased to Rs72.4 crore from Rs64.3 crore. Various cost optimisation initiatives launched by company, aided by reduction in other expenditure has led to an improvement in profitability, said the Ahmedabad-based company in a regulatory filing.
On Monday, Jaihind Projects shares ended 0.2% down at Rs269 on the Bombay Stock Exchange, while the benchmark Sensex closed flat at 18,409 points.
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