Mumbai: Saw pipe maker Welspun-Gujarat Stahl Rohren has posted an over two-fold increase in net profit stood at Rs 82.5 crore for the quarter ended September 30, as against Rs 33.5 crore in the same quarter last fiscal.

For the second quarter of the existing fiscal (2007-08), the company’s total income zoomed 37.77% to Rs 929.8 crore from Rs 674.9 crore in the same period of the last year.

Shares of the company were trading at Rs 336.05, up 0.25% in the afternoon trading at the Bombay Stock Exchange (BSE).