International Paper APPM Limited has posted a net profit of Rs 8.03 crore for the first quarter ended June 30, 2015, thereby doubling the net profit of Rs 4.17 crore it logged during the corresponding quarter last year.
The total income from operations for the first quarter was up at Rs 299.07 crore as against Rs 284.97 crore for the corresponding quarter last year.
For the financial year ended March 31, 2015, the company had closed with a profit of Rs 0.24 crore and a turnover of Rs 1144.17 crore.
The company headquartered in Hyderabad with mills in Andhra Pradesh, is now part of the US-based paper major International Paper.
The company shares closed the day at Rs 335.25, up 9 per cent.