JK Agri Q1 net marginally up at Rs 25.34 cr

JK group firm JK Agri Genetics today posted a marginal increase in net profit at Rs 25.34 crore for the first quarter of this fiscal on higher sales.

The company had reported a net profit of Rs 25.28 crore in the April-June period of the last fiscal.

In a filing to the BSE, the company said its net sales rose to Rs 130.41 crore during the first quarter of the 2014-15 financial year from Rs 126.25 crore in the year-ago.

The expenses remained slighly higher at Rs 91.57 crore as against Rs 87.44 crore in the review period.

The shares of the company closed at Rs 500.95 apiece on the BSE today.

JK Agri Genetics was functioning as a division of JK Industries till September 2004 when it became a separate company inheriting some investment business of the parent company.