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New Delhi, July 31

Electrical equipment maker Indo Asian Fusegear Ltd has reported a flat growth in net profit for the quarter ended June 30 at Rs 3.65 crore (Rs 3.62 crore).

The company recorded a 24.96 per cent jump in sales at Rs 56.02 crore (Rs 44.83 crore), the company informed the NSE. "Higher revenues are a result of introduction new innovative products in consequence of continuous R&D by IAFL and developing new version of products which are energy efficient and user-friendly," the company's Chairman, Mr V.P. Mahendru, said. - Our Bureau

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