Sri Nachammai Cotton Mills Ltd said its net profit for the first quarter increased to Rs2.98 crore, a rise of more than four fold, from Rs0.67 crore in the same quarter last year.
During the June 2010 quarter, its revenues increased to Rs34.23 crore from Rs22.95 crore, said the Salem-based company in a regulatory filing.
On Friday, Sri Nachammai Cotton Mills shares gained 4.89% to Rs35 on Bombay Stock Exchange, while the benchmark Sensex ended 1.25% down at 17,998 points.
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