GEI Industrial Systems, maker of air-cooled heat exchangers and air-cooled vacuum steam condensers reported an over two-fold jump in net profit for the third quarter ended December 31, 2010.
The company’s net profit during the October-December quarter increased to 8.7 crore from 3.9 crore. Net sales also grew by 78.6% at 109.4 crore as compared with 61.3 crore in the corresponding quarter last fiscal.