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Genus Power Q2 profit down 32.8 pc at Rs 8.92 cr

Press Trust of India  |  New Delhi 

Infrastructures has reported a 32.8 per cent decline in its standalone net profit at Rs 8.92 crore in quarter ended on September 30, 2017 compared to the year-ago period.

Its standalone net profit was Rs 13.27 crore in the quarter ended on September 30, 2017, Infrastructures Ltd said in a filing.

The company's total rose to Rs 171.61 crore in the quarter from Rs 137.27 crore a year ago.

has an order book of Rs 773.22 crore in the quarter ended on September 30, 2017.

The company said that the revenues were impacted due to (goods and services tax) implementation leading to subdued sales in July.

For the existing orders of the pre-regime, in some of the states on implementation of it did not get the adjustment of excise, so its margins has declined in this quarter, it said adding that the company expects this impact to wane out.

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

First Published: Mon, November 13 2017. 19:42 IST