Lanco Infratech Q2 net dips 43% at Rs 70 cr

Lanco Infratech today reported a decline of 42.51 per cent in its net profit at Rs 70.45 crore for the second quarter ending September 30.

The infrastructure firm had posted a net profit of Rs 122.56 crore in July-September quarter last year, Lanco Infratech said in a filing to the Bombay Stock Exchange.

However, the company's total income increased to Rs 2,114.21 crore in the September quarter from Rs 1,943.29 crore in the year-ago period, the filing added.

Lanco Infratech shares were trading at Rs 62.25, down 2.81 per cent from the previous close on BSE.