Leading basmati rice firm LT Foods Ltd on Wednesday reported a 2.38 per cent increase in consolidated net profit to Rs 59.73 crore for the fourth quarter of 2020-21. The company had posted a net profit of Rs 58.34 crore in the same quarter previous fiscal, it said in a regulatory filing. Net income declined on a consolidated basis to Rs 1,146.52 crore in the fourth quarter from Rs 1,218.12 crore in the year-ago period. Expenses were lower at Rs 1,058.12 crore as against 1,132.89 crore a year ago. For the full 2020-21, the company reported a 45 per cent rise in its consolidated net profit to Rs 289.07 crore, compared to Rs 199.30 crore in the preceding fiscal.