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Chennai, Oct. 31

Hatsun Agro Product Ltd has reported a net profit of Rs 4.95 crore on an income of Rs 262.93 crore for the second-quarter ended September 30, 2008. This is a 16 per cent growth in net profit over the corresponding period previously when it reported a net profit of Rs 4.26 crore on net sales of Rs 209.67 crore. Interest out go was Rs 5.40 crore (Rs 3.35 crore). According to company officials, Hatsun has a Rs 132-crore expansion in the pipeline and the company has spent more than half the costs which has contributed to the increase in interest out go.

— Our Bureau

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