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BGR Energy net profit down 89% at Rs 1 cr in Jul-Sep qtr

Press Trust of India  |  New Delhi 

today reported 89 per cent drop in its standalone net profit to Rs 1.13 crore in the quarter ended September 30, due to lower revenues.

The company's net profit was Rs 10.70 crore in the corresponding quarter last year, Ltd said in a filing.

According to the statement, it total declined to Rs 517.78 crore in the quarter from Rs 837.50 crore a year ago.

Its from construction and EPC (engineering, procurement, and construction) contracts dropped to Rs 457.01 crore in the quarter from Rs 779.30 crore a year ago.

The company's net profit in April-September was also down at Rs 10.99 crore from Rs 19.36 crore in the corresponding period last fiscal.

Total in the first half also dropped to Rs 1,417.62 crore from Rs 1,688.90 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 13 2017. 20:07 IST