Mumbai-based Varun Shipping Company Ltd registered a net profit of Rs23.5 crore for the 30 June 2010 quarter as compared to Rs1.9 crore in the same quarter a year ago. During the June 2010 quarter, the company's total revenue increased to Rs240.6 crore from Rs222.2 crore in June 2009 quarter, it said in a regulatory filing.
On Thursday, Varun Shipping shares increased 16.4% to Rs47 on the BSE, while the benchmark Sensex closed 0.2% down at 18,172 points.
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