Vardhman Textiles  has nearly doubled its first quarter profit, thanks to a 28% jump in revenues from its yarn business.

For the three months ended June, net profit soared 97.24% to INR787.2m (US$16.9m), up from INR399.1m a year earlier.

Net sales for the quarter for the quarter rose 30.8% to INR8.11bn. The company also reported a 34% growth in revenues from its smaller fabric operations.