Companies

Indosolar registers profit in Q3 on operational efficiencies

Our Bureau New Delhi | Updated on November 25, 2017 Published on February 15, 2011

The turnaround in revenues and consequent profitability is the result of operational efficiencies.

Indosolar Ltd, manufacturers of photovoltaic solar cells, has registered a net profit of Rs. 0.46 crore during the third quarter of the current fiscal.

The figures of the current quarter are not comparable to the corresponding previous year quarter as the company was in the start-up phase and had commenced its commercial production on July 17, 2009, the company said in a statement.

It also said that it has significantly increased its capacity by setting up additional line for manufacture of solar cells on March 17, 2010. Indosolar has recorded a total income of Rs 220.93 crore in the third quarter.

The turnaround in revenues and consequent profitability is the result of operational efficiencies, the statement said.

The company's scrip on the BSE closed at Rs 19.95 on Tuesday.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on February 15, 2011
null
This article is closed for comments.
Please Email the Editor