BF Utilities has reported a net profit of Rs 1.75 crore for the quarter ended December 31, 2011, compared with a net loss of Rs 2.86 crore in the same period of the last financial year.
Net revenue for the quarter under review stood at Rs 7.29 crore, compared with Rs 1.64 crore in 2010, reflecting a 344.51% growth.
BF Utilities is engaged in power generation through wind mill technology. The company was set up to satiate the power requirements of the Kalyani Group companies, which have business interests in the areas of steel making, forging, machining, etc.