Swaraj Engines has reported 24.27% increase in net profit for the third quarter ended December 31, at Rs 14.08 crore due to better sales. The company had posted a net profit of Rs 11.33 crore in the corresponding period last financial year.
The total operating income during the third quarter also jumped by 26.98% to Rs 117.58 crore from Rs 92.60 crore in the year-ago period.
During the three-month period, engine supplies from the company went up by 16.10% to 14,273 units from 12,294 units in the same period in 2010-11.
Swaraj Engines engages in the manufacture and sale of diesel engines in India. The company supplies 5 types of engines from 20HP range to 50HP range. It also offers various diesel engine components and spare parts.
