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Bangalore based, Kavveri Telecom, which provides world class hardware products and solutions for the telecom, defence and space industry, on Tuesday reported a 16 per cent jump in its net profit to Rs 7.75 crore for the last quarter ended March 31, 2011.
This is an Rs 1.09 crore rise over the year ago period. Company’s net sales increased by nearly 42 per cent to Rs.75.83 crore in the quarter, it said in a statement here.
For the year ended March 31, 2011, the company saw an increase in consolidated net sales by 29 per cent from Rs 243.43 crore to Rs. 314.63 crore.
The profit after tax for the year ended March 31, 2011 stood at Rs. 38.20 crore, resulting into an increase of 48.5 per cent, as against Rs.25.72 crore in the corresponding period of the last fiscal.
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