SPML Infra Ltd Q1 net profit jumps

SPML Infra Ltd Q1 net profit jumpsSPML Infra Ltd has informed that its net profit has gone up in the first quarter of the current financial year. It has announced its first quarter financial results for the fiscal year 2010-11. SPML Infra Ltd was earlier known as Subhash Projects and Marketing Ltd.

According to the report, it has registered a significant rise in net profit and touched Rs 14.6 crore for the quarter that ended in 30th June, 2010 which is almost 37.5% of the net profit figure of the similar quarter in the last fiscal.

The company had registered a net profit of Rs 10.6 crore in the same quarter in the previous year. The company has informed this in a filing at the Bombay Stock Exchange.

SPML Infra's net sales was recorded Rs 359.6 crore in the June quarter. It is almost 27.7% against the sales figure of its corresponding quarter in last year.

The Q1 net sales were Rs 281.6 crore in the fiscal 2009-10. SPML Infra's chief operating officer Mr. Rishabh Sethi has said that the improvements in project implementation has helped the firm to post an impressive result in this quarter.