Gujarat Toolroom has reported a multi-fold rise in its consolidated profit after tax to Rs 27 crore in the September quarter, helped by higher revenues.

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It had posted Rs 2.40 crore profit after tax (PAT) in July-September FY24, the company said in a statement on Monday.

The company's revenue from operations rose to Rs 270.51 crore from Rs 156.68 crore in the year-ago period.

During the second quarter, the company's Dubai-based subsidiary GTL Gems DMCC secured an order valued at AED 50 million (about Rs 114 crore).

Ahmedabad-based Gujarat Toolroom is into manufacturing and assembling industrial machines and equipment.