Kavveri Telecom March qtr net up 16% at Rs 8 cr

City-based Kavveri Telecom, which provides world class hardware products and solutions for the telecom, defence and space industry, today reported a 16% jump in its net profit to Rs 7.75 crore for the quarter ended March 31, 2011.

This is a Rs 1.09 crore rise over the year-ago period.

The company's net sales increased by nearly 42% to Rs 75.83 crore in the quarter, it said in a statement here.

For the year ended March 31, 2011, the company saw an increase in consolidated net sales by 29% from Rs 243.43 crore to Rs 314.63 crore.

The profit after tax for the year ended March 31, 2011 stood at Rs. 38.20 crore, resulting into an increase of 48.5% as against Rs 25.72 crore in the corresponding period last fiscal.