The company had clocked a net profit of Rs 80.79 crore in the year-ago period.
Net sales during April-June period of current financial year rose to Rs 2439.08 crore from Rs 1993.47 crore in the same period during 2014-15 fiscal, as per company's BSE filing.
The company had also entered into Business Purchase Agreement on June 30, with Sutlej Textiles and Industries Ltd for sale of its textile division.
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