Titan's profit grew fivefold

Titan Industries announced that its net profit grew more than fivefold to Rs 75.43 crore for the third quarter ended December 31, 2009, over the corresponding period a year ago.

The company had a net profit of Rs 12.60 crore in the December quarter last fiscal. The company's net income rose to Rs 1,333.60 crore for the quarter under review from Rs 1,023.81 crore during the same period previous year. For the nine-month period ended December 31, 2009, its net profit jumped up to Rs 199.07 crore from Rs 133.09 crore in the same period previous year. Net income climbed up to Rs 3,363.20 crore in the nine-month period under review from Rs 2,922.65 crore during the same period last year