JMC Projects Q1 net profit rises 47.78% to Rs 6.34 crore

Engineering firm JMC Projects today reported 47.78 per cent increase in standalone net profit for the quarter ended June 30 at Rs 6.34 crore.
The company, a subsidiary of Kalpataru Power Transmission, had reported Rs 4.29 crore profit in the corresponding quarter last fiscal, it said in a statement.
Its total revenues for the quarter, however, declined 3.24 per cent to Rs 582.78 crore during April-June quarter from Rs 602.32 crore a year ago.
The company's order-book as on date is over Rs 5,100 crore including a new order worth over Rs 57 crore received during the quarter.
"We are on track of our target to improve margins with consolidation in topline growth, considering current healthy order-book and orders in pipeline, we expect to achieve higher topline growth going forward," the company's Deputy Managing Director S K Tripathi said.

The company's all four road projects on build-own-operate-transfer model have commenced commercial operations.
First three projects including Rohtak-Bawal, Agra-Aligarh and Nagpur-Wainganga road projects are operating on full length and full-toll basis.