IL&FS Transportation Q4 net profit falls 34% at Rs 78 cr

The performance took a beating as the company's total income declined by 19% to Rs 1,483.62 crore in the January-March period of the 2014-15 fiscal

Infrastructure company IL&FS Transportation Networks today reported a 33.69 per cent drop in consolidated net profit at Rs 77.85 crore for the fourth quarter ended March 31, 2015, due to sluggish revenue.

The company had posted a net profit of Rs 117.42 crore in the year-ago period, it said in a BSE filing.

The performance took a beating as the company's total income declined by 19 per cent to Rs 1,483.62 crore in the January-March period of the 2014-15 fiscal from Rs 1,829.31 crore of in the year-ago period.

For for the year ended March 31, the company reported a 4.2 per cent decline in consolidated net profit at Rs 443.60 crore as against Rs 463.05 crore in the 2013-14 fiscal.

 

Total income declined marginally by 1.3 per cent to Rs 6,503.35 crore from Rs 6,587.04 crore in the same period.

IL&FS Transportation is one of the largest BOT (Build Operate Transfer) road asset owner in India with about 13,100 lane km under its portfolio. It also has a presence in metro, rail, city bus services and border check-posts.

The company's scrip closed at 161.80 a piece, marginally up from the previous close, on the BSE.