Lanco Infratech board approves share split, net up 138 per cent

The board of infrastructure major Lanco Infratech Ltd (LITL) has approved a stock split from Rs 10 to Rs 1 face value a share, a company statement said. The company’s paid-up capital is Rs 240 crore divided into 240 million equity shares of Rs 10 each.

The company’s net profit has risen 138 per cent to Rs 122.5 crore for the quarter-ended September 2009, compared with Rs 51.5 crore in the corresponding period last year.