Civil construction company RPP Infra Projects today posted a net profit of Rs 7.03 crore for the quarter ended June 30, 2011, up from Rs 2.18 crore in the corresponding period last year.
The company, engaged in the business of infrastructure development such as highways, roadways, bridges, civil construction works, irrigation, water supply projects and power plants, reported a 84% rise in its total sales at Rs 67.82 crore for Q1 FY'12 as against Rs 36.86 crore in the year-ago period.
"We are extremely happy with our results. With the launch of new subsidiary in Sri Lanka and the recent pre-qualification for a new power project in Indonesia, we have started looking out for opportunities in newer geographies as well.
"We are aiming for a decent growth in this fiscal which will also help us to strengthen our order book position," Company Chairman and Managing Director P Arulsundaram said in a statement issued here.
RPP Infra's EPS (Earnings Per Share) rose to Rs 3.11 as as compared to Rs 1.13 in the corresponding period in previous year.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app