Simplex Infrastructures today reported a 33% fall in its net profit to Rs 24 crore for first quarter ended June 30, compared to Rs 36 crore in the same period last fiscal, due to higher interest costs.
Total sales for the period grew by 7.32% to Rs 1,260 crore as against Rs 1,174 crore in the year-ago period, a press release issued here.
The company's domestic business, which accounts for 90% of sales, grew by 16% to Rs 1,138 crore from Rs 981 crore in the corresponding period previous year.
Total order book stood at Rs 14,348 crore, the release stated.
During the quarter, Simplex bagged orders worth Rs 873 crore. In addition, it achieved L1 (lowest bidder) position worth Rs 1,898 crore as of June, out of which Rs 936 crore were converted into orders in July.
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