Recycling company Vikas Lifecare Q2 net profit rises to Rs 7 cr

Recycling player Vikas Lifecare on Friday reported an increase in net profit to Rs 7.17 crore for the September quarter, helped by reduced expenses.

It had clocked a net profit of Rs 2.49 crore in the year-ago period, the company said in a statement on Thursday.

The company's total income, however, declined to Rs 110.60 crore over Rs 129.57 crore in the year-ago quarter. Its expenses trimmed to Rs 103.27 crore as against Rs 124.50 crore a year ago.

Vikas Lifecare recycles plastic waste to manufacture pallets and interlocking tiles for industrial applications, including construction.

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