Textile firm Shri Lakshmi Cotsyn Ltd (SLCL) today said its net profit rose by 40.72% to Rs 38.98 crore for the third quarter ended March 31, 2012.
The company had posted a net profit of Rs 27.7 crore during the same period of previous year, SLCL said in a filing to the BSE.
The net sales of the company rose to Rs 695.14 crore during the quarter compared to Rs 437.78 crore during the same period of previous year.
For the nine months period ended March 31, 2012, the company's net profit stood at Rs 84.14 crore compared to Rs 76.79 crore in the year ago period.
The company's net sales stood at Rs 1,700.57 crore against Rs 1,285.24 crore in the same period of last year.
Shares of SLCL today closed at Rs 124.10 on the BSE, down 1.78% from its previous close.