Indsil Hydro Power and Manganese reported a steep drop in standalone net profit for the quarter ended March 2011.

During the quarter the profit of the company declined 35.31% to INR 24.21 million from INR 37.42 million in the same quarter previous year.

Net sales for the quarter declined 11.01% to INR 219 million while total income for the quarter fell 8.54% to INR 227.29 million when compared with the prior year period.