The company's sales, however, has risen by 19.5 per cent to Rs 17.63 crore compared with Rs 14.89 crore in the quarter ended June 30 last year.

Tata Donelley's profit before tax during quarter has also increased by 18.1 per cent to Rs 17.23 crore against Rs 14.59 crore.

However, this could not translate into a strong growth in the company's net profit due to higher tax outgo, a company release stated.

Tata Donelley's tax outgo in the first three months of the current financial year has been Rs 6.44 crore against Rs 4.37 crore in the corresponding three months of the last financial year.

Significantly, Tata Donnelley has achieved an over 300 per cent increase in income over the last seven years and its profit after tax has increased by 543 per cent in the same period. The company has also recorded a four-fold increase in its asset base in the last seven years, which is duly reflected in its share price of Rs 214, the release added.