Titagarh Wagons Q2 net rises 49%

Titagarh Wagons today said its net profit rose by 49 per cent to Rs 17.64 crore in the second quarter of FY11.

It had a net profit of Rs 11.83 crore in the same period last fiscal.

Sales of the company increased by 26 per cent at Rs 166 crore compared to Rs 131.54 crore in the same corresponding period in FY10, the company said in a statement.