From correspondents in West Bengal, India, 08:00 PM IST

Industrial gases supplier BOC India Ltd has posted net profit of Rs.218.7 million for the quarter ended September 30, up from Rs.70.8 million of the corresponding period of the last fiscal, a company release said Thursday.

This profit growth is due to an exceptional income of Rs.89.9 million the company made from the financial lease of plant and machinery, the statement said.

'Our business has performed exceedingly well in spite of inflationary pressures. We are continuing our focus on enhancing returns on capital coupled with a concerted drive towards containment of costs thereby transforming the company into a leading organisation,' BOC India managing director Srikumar Menon said.

(Staff Writer, © IANS)