TIL Q2 net down 59% at Rs 6 cr

TIL today reported a little over 59% dip in consolidated net profit at Rs 5.82 crore for the quarter ended September 30, 2011.

The company, which provides material handling, mining and construction solutions, had clocked net profit of Rs 14.34 crore in the corresponding quarter last fiscal, it said in a filing to the Bombay Stock Exchange (BSE).

Net sales of the company increased to Rs 346.98 crore during the reporting quarter, as against Rs 352.13 crore in the same quarter last fiscal, it said.