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BANGALORE: Bharat Earth Movers Ltd has posted a net profit of Rs 29.08 crore during the second quarter ended September 30 this year, registering a 49 per cent growth over the PAT for the same quarter of last fiscal year.

Sales turnover for the quarter dipped by 4 per cent to Rs 383.2 crore though other income almost doubled to Rs 21.38 crore.

For the first half of the current year, Bharat Earth Movers made a sales turnover of Rs 786 crore. Its net profit of Rs 41.49 crore represents a 68 per cent growth over the same period last year.

The value of production for the half year stood at Rs 926 crore (Rs 814 crore).

(This article was published in the Business Line print edition dated October 30, 2005)
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