Swaraj Engines reported 24.27% increase in net profit for the third quarter ended December 31st at INR 14.08 crore due to better sales. The company had posted a net profit of INR 11.33 crore in the corresponding period last financial year.

The total operating income during the third quarter also jumped by 26.98% to INR 117.58 crore from INR 92.60 crore in the year ago period.

Swaraj Engines in a filing to the BSE said that during the three month period, engine supplies from the company went up by 16.10% to 14,273 units from 12,294 units in the same period in 2010-11. The company is at present expanding production capacity at its facility.

The filling added that "On expansion of annual capacity to 75,000 engines in two phases, the work is progressing well and it is expected that capacity of 60,000 engines per annum under the first phase would be available by the end of the current fiscal.”

(Sourced from ET)