City-based Manjeera Constructions Limited has posted a 67.32% decline in net profit to Rs 63.73 lakh for the second quarter of the current financial year ended on September 30, as compared to Rs 1.95 crore (195 lakh) for the same quarter in 2011-11.
Net sales grew 81.59% to Rs 37.77 crore, as against Rs 20.80 crore in the same period a year ago. And total expenditure of the company has increased 104.78% to Rs 38.57 crore for the quarter from Rs 17.37 crore in the corresponding quarter last year.
The company's scrip is currently trading at Rs 81.95, down 10.83% over the previous close of Rs 91.90.
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