IVRCL Infra net up 39% to Rs 15.5 cr

BS 200 SCORECARD

IVRCL Infrastructures and Projects has reported 39 per cent growth in net profit for the second quarter ended September 30 at Rs 15.56 crore compared with Rs 11.18 crore in the corresponding quarter last year.

The company's total income rose about 50 per cent to Rs 369.8 crore from Rs 246.6 crore last year.

Its earnings per share (EPS) stood at Rs 1.43 (of Rs 2 each) against adjusted EPS of Rs 1.08 for the earlier financial year's second quarter.

On a consolidated basis, IVRCL recorded a net profit of Rs 27.9 crore and total income of Rs 455.4 crore in the September.

Among its subsidiaries, IVR Prime Urban Developers posted a net profit of Rs 14.44 crore and turnover of Rs 57.04 crore for the quarter under review.

Hindustan Dorr Oliver logged a gross turnover of Rs 44.02 crore and net profit of Rs 3.93 crore. IVRCL has also informed that it has obtained all clearances for the Chennai desalination project and is poised for grounding the project in technical partnership with Befesa of Spain.