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Ircon Intl Q3 net profit falls 8 pc to Rs 103 cr

Press Trust of India  |  New Delhi 

State-run engineering and construction firm Ltd Thursday said its standalone net profit fell by 8.36 per cent to Rs 102.77 crore during the quarter ended December 31, 2018, on account of higher expenses.

The company had clocked Rs 112.15-crore net profit during the same quarter a year ago, Ircon said in a BSE filing.

Total income of the company

rose to Rs 1,255.65 crore from Rs 963.77 crore in the December quarter of 2017.

During October-December quarter of 2018, its total expenses stood at Rs 1,108.17 crore, higher from Rs 804.76 crore in the corresponding quarter of the previous fiscal.

Ltd (Ircon), under the Ministry of Raiways, is a leading turnkey construction company having presence in several states of and countries like Malaysia, Nepal, Mozambique, Ethiopia, Afghanistan, the (UK), and

Shares of the company closed at Rs 389.75, up 1.25 per cent on BSE.

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

First Published: Thu, February 07 2019. 18:50 IST