Tulive Developers reports 58% fall in Q3 net profit

02 Mar 2012

Tulive Developers has reported results for third quarter ended December 31, 2011.

The company has posted a fall of 58.38% in its net profit at Rs 3.03 crore for the quarter ended December 31, 2011 as compared to Rs 7.28 crore for the same quarter in the previous year. Total income has decreased by 52.39% at Rs 3.79 crore for the quarter under review as compared to Rs 7.96 crore in the same quarter of 2010.

Tulive Developers was initially incorporated in 1962 under the name Kerry Jost Tools and was later changed to Kerry Jost Engineering with the effect from January 01, 1988. It manufactures machine tools of all varieties & more particularly several types of drilling machines.

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