Net profit stood at Rs 48.23 crore in the same quarter last year, the company said in a statement.
Total income increased to Rs 846.68 crore during April- June of 2017-18, from Rs 637.34 crore in the year-ago period.
Chairman and Managing Director Dhruv M Sawhney said higher profit was possible on "robust operational performance" in the previous season, which led to 45 per cent higher production of low cost sugar inventories and remunerative prices.
The board has approved interim dividend of 0.25 per share for the current fiscal.