New Delhi, November 8 (Language) The consolidated net profit of Salasar Techno Engineering Limited (STEL) in the second (July-September) quarter of the current financial year 2023-24 increased by 20 percent to Rs 9 crore.
The company’s net profit in the second quarter of the last financial year was Rs 7.51 crore.
In the information given to the stock market, STEL said that the total income increased from Rs 258.78 crore to Rs 275.66 crore on an annual basis. Expenses stood at Rs 263.32 crore, compared to Rs 248.17 crore in the same quarter a year ago.
A company spokesperson said the company delivered strong financial performance in the quarter, reflecting significant international contracts and capacity additions.
New Delhi-based STEL does engineering, designing, purchasing, manufacturing etc. for telecom companies.