Adhunik Metaliks has announced its first quarter financial results for the fiscal year 2010-11. According to the report, it has registered a remarkable two fold net profit rise in the June quarter of the year.

Adhunik Metaliks has posted a net profit of Rs 56.43 crore for the quarter that ended in 30th June, 2010 which is almost two times of the net profit figure of the similar quarter in the last fiscal. The company had registered a net profit of Rs 18.29 crore in the same quarter in the previous fiscal year.

Adhunik Metaliks has informed this in a filing at the Bombay Stock Exchange. Net sales of the firm are equally up. There has been a net sales hike of 39.16% in the reviewed quarter against its like period a year ago.

The net sales of Adhunik Metaliks have gone up to Rs 428.44 crore during the April-June quarter of fiscal year 2010-11. It was recorded Rs 307.87 crore for the similar quarter in the preceding year of 2009-10.