IVRCL Infra net profit at Rs 23 cr

Hyderabad-based IVRCL Infrastructures & Projects Ltd today reported a net profit of Rs 23.2 crore in the second quarter of the current fiscal, registering a decline of 51 per cent over a year-ago period.

The company had a net profit of Rs 47.9 crore in the second quarter of last fiscal, the company said in a filing to the Bombay Stock Exchange.

The total income of the company also decreased from Rs 1,080 crore in the Q2 of the current financial year, over 1,259 crore in the corresponding period of 2009-10, it said.