Pratibha Q4 net up 31% to Rs 27.4 cr

Infrastructure company Pratibha Industries today reported 30.97% rise in Q4 standalone net profit at Rs 27.4 crore on higher income.

The company had reported Rs 20.9 crore net profit during the January-March quarter of the previous fiscal, it said in a statement.

Total income of the company rose to Rs 348.1 crore during the reporting quarter as against Rs 271.9 crore in the corresponding quarter last fiscal.

Year-on-year, net profit of the company rose in FY11 to Rs 71.4 crore, up by 26.4% over the previous fiscal, on a total income of Rs 1,175.1 crore. During 2009-10 fiscal, total income of the company was at Rs 934.9 crore.

"Our performance has been good in the last year as we had a three pronged strategy. First, we focused on increasing our market share by diversifying and getting into new geographical areas, including overseas markets.

Second, we strengthened our execution to ensure timely delivery with higher quality standards. And third, we optimised our internal costs to remain profitable, despite the inflationary trends," Pratibha Industries managing director Ajit Kukarni said.

"Going forward, we will look at enhancing our footprint in the overseas market and also look at opportunities to diversify our portfolio," he added.

As on March 31, 2011, the order book of the company stood at Rs 3,622 crore.