Pennar Industries, a Hyderabad-based company engaged in the production of cold-rolled steel strips, metal profiles and engineering components, reported a net profit of Rs 10.78 crore for the quarter ended June 30, 2009, as compared with Rs 9.66 crore during the corresponding quarter in the previous year, reflecting a growth of 11.59 per cent.
The company’s sales turnover, however, dipped 2.27 per cent to Rs 195.45 crore during the quarter, as against Rs 200 crore for the same period a year ago.
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