Kavveri Telecom, a leading telecom equipment manufacturer, which provides world class hardware products and solutions for the telecom, defence and space industry reported on Tuesday its quarterly profit & revenue numbers with a 42% rise in revenue and a 16% jump in the net profit for the quarter ended March 31, 2011 when compared to corresponding quarter of previous year.

While the company saw its net profit touching Rs. 7. 75 cr for the last quarter, which is a Rs.1.09 cr rise over the corresponding period last year, its net sales increased by nearly 42 per cent to Rs. 75.83 cr in the reporting quarter.

For the year ended March 31, 2011, the company saw an increase in consolidated net sales by an impressive 29% from Rs. 243.43 cr to Rs. 314.63 cr. The profit after tax for the year ended March 31, 2011 stood at Rs. 38.20 cr, resulting into an increase of 48.5%, as against Rs.25.72 cr in the corresponding period of the last fiscal.

Commenting on the results, Mr. Shivakumar Reddy, Managing Director, Kavveri Telecom Products Limited said that, “We are extremely happy with the numbers. With the recent approval of the European acquisition which will take Kavveri to the next level, the future looks optimistic. We thank our share-holders for their continuous support & hope to receive the same in future.”