Coimbatore, August 03: Elgi Equipments Ltd, a leadingmanufacturers of air compressors and automotive equipment,posted net profit of Rs 11.1 crore for the first quarter of2009-10, compared to rs.9.6 crore in the year ago period.
Even though for the period ended June 2009, sale wasmarginally lower at rs.130.7 crore as against rs.131.5crore in 2008-09, focus on cost control measures resulted inhigher profits, Dr Jairam Varadaraj, the company ManagingDirector, said in a release here today.
Compared to the last quarter of previous year, there wasrecovery in a few select segments in the domestic market forcompressors.Continuing global recession impacted internationalbusiness and sale was lower than last year, he said.
—Agencies