NEW DELHI: Power distribution equipment maker, Areva T&D, today reported a 53 per cent jump in operating profit to Rs 58 crore for the quarter ended June 30, 2007.
The company's sales in the quarter stood at Rs 389 crore up 19 per cent from the corresponding quarter last fiscal, Areva said in a statement.
IT attributed the improved performance to the sustained progress in portfolio and sourcing optimisation, capacity increase and improved process efficiency.
"We are positioning the company so as to grasp the future growth of the Indian market. This has increased the company's order intake by 22 per cent on a like-to-like basis compared to Q1 of 2006,'' Areva T&D Chief Financial Officer Karim Vissandjee said in the statement.
The company's sales in the quarter stood at Rs 389 crore up 19 per cent from the corresponding quarter last fiscal, Areva said in a statement.
IT attributed the improved performance to the sustained progress in portfolio and sourcing optimisation, capacity increase and improved process efficiency.
"We are positioning the company so as to grasp the future growth of the Indian market. This has increased the company's order intake by 22 per cent on a like-to-like basis compared to Q1 of 2006,'' Areva T&D Chief Financial Officer Karim Vissandjee said in the statement.