Marg FY12 net up 85% Rs 111 cr

Infrastructure major MARG Ltd has reported 85% rise in net profit at Rs 111 crore for the financial year 2011-12.

The city-based company registered a net profit of Rs 60 crore in the previous fiscal, a company statement said.

The company's total revenue for the year ending March 31, 2012 grew by 38.3% to Rs 1,501 crore as against Rs 1,085 crore registered during 2010-11.

"Our results for the year under review are very encouraging. It has been a year of strong performance and consolidation. With EPC continuing to be the core business and MARG Karaikal port, MARG Properties and MARG Swarnabhoomi expected to be strong completementary business units...," MARG Group CMD GRK Reddy said.

MARG Group has projects worth more than Rs 3,250 crore under execution at present and has offices spread across India, Singapore and China, the statement added.