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Alfa Laval India Ltd has posted a 52 per cent rise year-on-year in its first quarter net profit with PAT for the quarter ending March 31, 2011, at Rs 37.8 crore against Rs 24.9 crore for the corresponding period in 2010. Revenue was Rs 292 crore (Rs 190 crore), a growth of 54 per cent. The improved performance comes after the industrial equipment manufacturer saw its net profit for 2010 dip by 13 per cent to stand at Rs 108 crore, and net income from operations down by six per cent to stand at Rs 836 crore.
Mr Giuseppe Falciola, Chairman, ALIL, said that in the first quarter in 2011 saw a lot of invoicing of business got last year. This year, ALIL has plans to invest Rs 50 crore in India in capital expenditure. This will go to adding capacity at its three plants in Pune, Sarole and Satara to serve both domestic and export markets, Mr Jose Hernanz, Managing Director, ALIL said. The company's share touched a new high of Rs 1806 on the BSE today before closing 0.3 per cent higher at Rs 1,724.
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