XL Telecom & Energy Ltd, a manufacture of solar panel and photovoltaic cell said its net profit doubled at Rs 14.99 crore for the second quarter ended 30 September, as against Rs 6.02 crore that it reported in the corresponding period last year.

Its net sales climbed up to Rs 257.22 crore for the quarter, from Rs 150.59 crore for the same period a year ago.

While commenting on the its financial performance, Dinesh Kumar, Managing Director, XL Telecom & Energy said, “XL has had a very good first quarter and is poised to continue its growth trend during the current year.”