New Delhi, Nov 17 (PTI) 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.

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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.

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

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)