Ahmedabad-based Electrotherm (India) Limited has posted a net profit of Rs 10.75 crore for the quarter ended September 30, down by 20 per cent as compared to Rs 13.52 crore during the correspoding quarter previous year due to higher depreciation and interest cost.
According to un-audited financial results released by the company, net sales was Rs 454.60 crores, down 1.7 per cent, from Rs 462.53 crore in the same quarter a year before. Cash profit of the company has increased to Rs 35.01 crores during the quarter from Rs 30.09 crores,an increase of 16.39 per cent.