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Our Bureau

New Delhi , July 26

HINDUSTAN Sanitaryware and Industries Ltd (Hindware) on Monday reported a 60 per cent increase in the net profit during the first quarter of 2004-05 at Rs 2.33 crore, over Rs 1.46 crore in the corresponding period last year.

The company's gross profits during the period also increased by 27 per cent to Rs 9.02 crore from Rs 7.08 crore, while its revenue grew marginally by 9.3 per cent to Rs 69.91 crore, a company release said here today. Hindware said its earnings per share for the quarter ended June 30, 2004 went up to Rs 2.08 from Rs 1.30 in the year-ago period.

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