Diversified business conglomerate Max India today reported a consolidated net profit of Rs 70 crore for the first quarter ended June 30.
The company had registered a loss of Rs 25 crore in the same quarter previous fiscal.
On standalone basis the company posted a loss of Rs 2 crore during the period under review against a loss of Rs 3 crore in the corresponding quarter a year ago.
The consolidated revenue of the company increased by 10% during the three months at Rs 2,021 crore against Rs 1,838 crore in the corresponding quarter previous fiscal, Max India said in a statement.
The consolidated profit before tax (PBT) rose to Rs 97 crore in the June quarter.
During the period under review the company registered a loss of Rs 26 crore in its consolidated PBT, it said.
However, the turnover of the company rose to Rs 177 crore in the quarter compared to Rs 91 crore in the April-June period of the previous fiscal.
Commenting on the result, Max India Chairman and Managing Director Analjit Singh said, "Our businesses have exhibited another quarter of persistent growth and improved profits."
