Lanco Industries reported a 31.40 per cent drop in net profit to Rs 3.17 crore in the quarter ended 30 September 2008, as compared to Rs 4.62 crore registered in the corresponding period last year.
However, in the same period, operating profit of the company was up by 54.94 per cent to Rs 18.19 crore from Rs 11.74 crore reported a year ago.
Total income of the company increased by 66.60 per cent to 159.96 crore from Rs 96.01 crore reported in the same period a year ago.