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Our Bureau

Mumbai, Nov. 2

Maxwell Industries Ltd, VIP Group's flagship company, has posted a 25 per cent rise in net sales at Rs 49.15 crore (Rs 39.32 crore) for the second quarter ended September 30. Net profit rose to Rs 1.50 crore (Rs 1.47 crore). Commenting on the company's financial performance,

Mr L. Vinaybhushan Reddy, Director, Maxwell Industries Ltd, said, "We are witnessing a robust volume growth that has been fuelled by better demand conditions complemented by our marketing initiatives in the inner wear market. This has translated into revenue and bottomline growth."

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