TRF posts net profit of Rs 11.92 cr in Q2

TRF, which provides material handling/processing systems and equipment, today announced a consolidated net profit after minority interest of Rs 11.92 crore for the second quarter of current fiscal.

It had consolidated net profit after minority interest of Rs 11.62 crore in the September quarter last fiscal, TRF said in a filing with the Bombay Stock Exchange (BSE).

TRF Singapore, a subsidiary of the company, acquired 51 per cent stake in Sri Lanka-based Dutch Lanka Trailer Manufacturers for Rs 42.03 crore on July 30, therefore results are not comparable with previous quarter.

The group earned consolidated net income of Rs 185.71 crore in the quarter under review whereas it was Rs 158.65 crore during the same period previous year, it said.

For the six-month period ended September 30, 2009, it posted consolidated net profit after minority interest of Rs 17.12 crore while it was Rs 17.86 crore in the half-yearly period previous year.

The group earned a net income of Rs 320.80 crore in the six-month period under review whereas it was Rs 283.37 crore during the same period last fiscal.

The company provides material handling/processing systems and equipment, and port and yard equipment.

It also undertakes projects for power and steel plants, ports, fertilisers and mining sectors.

Shares of the company closed at Rs 600, up 2.22 per cent from the previous close on the BSE.