The Gujarat NRE Coke has announced the first quarter financial outcome for the fiscal year 2010-11 and it has directed to depict an striking hike in net profit figure.

The company has posted a fivefold consolidated net profit in this quarter. The net profit of the firm was reported to be Rs 20.04 crore for the quarter that ended in 3oth June, 2010.

The consolidated net profit was reported to be Rs 3.64 crore for the same quarter in the preceding financial year. This has been informed by the Gujarat NRE Coke in a filing at the Bombay Stock Exchange.

So far as the total income of the firm is concerned, it has touched Rs 452.15 crore during the April-June quarter of fiscal year 2010-11. It was Rs 310.04 crore for the same quarter last year.

The annual net profit of the company was reported to be Rs 51.87 crore for the year ended March 31, 2010. The firm anticipates producing even better performance in this year.