Kavveri Telecom Products Ltd Q1 net up 246% to Rs.22.75 Million

Kavveri Telecom Products Ltd has announced the unaudited financial results for the Quarter ending June 30, 2007. The company has announced an increase in net profit at 246% compared to the same quarter last year.

The company reported total income of Rs.186.98 Million in the Quarter ending June 30, 2007 compared to Rs.46.32 Million in the quarter ending June 30, 2006.

The Net Profit of the company grew to Rs.22.75 Million compared to Rs.6.57 Million during Q1 2006-2007. The Earnings Per Share (EPS) stood at Rs.2.32 in Q1 2007-2008 compared to Rs.0.65 in Q1 2006-2007.

The stock closed the day at Rs.106.30, down by Rs.5.25 or 4.71%. The stock hit an intraday high of Rs.114.40 and low of Rs.105.10. The total traded quantity was 162746 compared to 2 week average of 318423.

Source : Equity Bulls

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