Anil Products (APL) has announced its financial results for the first quarter of the ongoing fiscal year. According to the company, it has registered a massive rise in its net profit figure in the reviewed quarter against its year ago like period.

Anil Products is the flagship company of leading food and bio-industrial Anil group. The firm has posted a net profit of Rs 8.82 crore for the quarter that ended in 30th June, 2010 which is almost 121% of the net profit figure of the similar quarter in the last fiscal.

The company had registered a net profit of Rs 3.98 crore in the same quarter in the previous year. Anil Products has informed this in a filing at the Bombay Stock Exchange.

The profit-after-tax of the company has recorded Rs 11.23 crore for June quarter which was reported to be Rs 5.35 crore in the corresponding period a year ago. There has been an increase of 110% in the PAT figure of the company in the Q1 against its like period a year ago.

Net sales of the firm has gone up 24.28% and touched Rs 106.19 crore against Rs 85.44 crore of the previous year.