Mumbai– Business conglomerate Max India Ltd on Tuesday said it closed the third quarter of the current fiscal with a net profit of Rs 1.02 crore, up from Rs 55 lakh posted for the quarter ended December 31, 2016.

In a regulatory filing with BSE, the company said that for the period under review, it had earned a total income of Rs 14.87 crore up from Rs 11.19 crore logged during the quarter ended December 31, 2016.

The company board has approved investment of Rs 39 crore in its wholly-owned subsidiary Antara Senior Living Ltd for a new project in Uttar Pradesh’s Noida. (IANS)