Auto components maker Setco Automotive today reported an over two-fold jump in net profit to Rs 7.23 crore for the quarter ended March 31.
The company had a net profit of Rs 2.72 crore during the corresponding quarter of 2008-09, Setco Automotive Ltd said in a filing to the Bombay Stock Exchange (BSE).
It also reported an increase of 51.54 per cent in its net sales for the fourth quarter, at Rs 68.42 crore, as against Rs 45.15 crore during the corresponding quarter of the previous year.
For the 2009-10 fiscal year, the company reported a growth of 61.55 per cent in net profit to Rs 18.53 crore, as against Rs 11.47 crore during the 2008-09 fiscal.
Setco Automotive's net sales in the last fiscal grew by 31.87 per cent to Rs 211.28 crore from Rs 160.22 crore during the previous fiscal.
