Lovable Lingerie Q1 net at Rs 7 cr

Lovable Lingerie Ltd today posted a net profit of Rs 7 crore for the first quarter ended June 30, 2011.

The company's net sales for the three months ended June 30, 2011, stood at Rs 49.80 crore.

"This being the first year of listing, the corresponding figure for the quarter ended June 30, 2010, are not available," it said in a filing to the Bombay Stock Exchange.

In February this year, the Mumbai-based firm had raised Rs 20 crore through pre-IPO placement of 10 lakh equity shares.

Subsequently, in March, the company raised over Rs 93 crore through an IPO.

The firm's scrips were trading at Rs 443.20 per share, up 8% from their previous close on the BSE.