Ucal Fuel Systems Ltd. has posted a 77% increase in standalone net profit for the second quarter ended September to ₹7.55 crore from the year-earlier period on increased sales. Revenue from operations grew 18% to ₹182 crore, the company said in a regulatory filing. On Monday, the board appointed Abhaya Shankar as the Chief Executive Officer with immediate effect, for a period of one year.
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