Astra Micro Q2 net profit up 81.6% at Rs 8.9 cr

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Astra Micro Q2 net profit up 81.6% at Rs 8.9 cr

Astra Microwave Products has posted a net profit of Rs 8.9 crore in the second quarter of FY12, a growth of 81.6% as compared to Rs 4.9 crore in the corresponding quarter of last fiscal.

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Astra Microwave Products has posted a net profit of Rs 8.9 crore in the second quarter of FY12, a growth of 81.6% as compared to Rs 4.9 crore in the corresponding quarter of last fiscal.

Recently the company exited completely from M/s. Komoline Electronics Private Ltd, Ahmedabad through sale of company's equity investment held in that company for a consideration of Rs 5 crore. So, Komoline is no more a subsidiary of the company with effect from July 30, 2011.

Net sales of the company stood at Rs 38.5 crore in the July-September quarter of FY12 as against Rs 36.5 crore in same quarter the previous year.