Newly listed IL&FS Transportation Networks Ltd has announced its financial results for the first quarter of the fiscal year 2010-11. According to the report, it has registered a significant net profit rise in the quarter under review.

IL&FS Transportation Networks Ltd has posted a consolidated net profit of Rs 104.61 crore for the quarter that ended in 30th June, 2010.

The company had registered a stand-alone net profit of Rs 73.72 crore in the same quarter in this year. The firm has informed this in a filing at the Bombay Stock Exchange.

The net sales of the company have reported to be Rs 776 crore during the April-June quarter of financial year 2010-11.

However, the company has not produced the report for the first quarter of the financial year 2009-10. Because the company was listed in the Bombay Stock Exchange on the month of March 2010 and it is its first ever quarterly report.

So it is not comparable with the figures for its corresponding quarter in previous year.