Essel group firm Siti Cable Network today reported consolidated net profit of Rs 24.06 crore for the fourth quarter ended March 31, 2015-16, on the account of higher sales.
The company had posted net loss of Rs 34.12 crore in the corresponding quarter of the previous fiscal, 2014-15.
Its net sales during the quarter under review were up 35.79 percent at Rs 340.15 crore as against Rs 250.48 crore in the year-ago period, Siti Cable said in a BSE filing.
For the entire 2015-16, the company has reported net loss of Rs 1.71 crore as against net loss of Rs 109.09 crore in the previous fiscal.
Its net sales in the fiscal stood at Rs 1,153.86 crore as against Rs 889.15 crore in the previous year.
Shares of Siti Cable were trading 1.18 percent down at Rs 37.60 on BSE.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
