Interarch Building Solutions Ltd on Friday reported a 56.11 per cent rise in profit to Rs 32.27 crore for the September quarter. The company had posted a profit of Rs 20.67 crore in the year-ago period. The total income of the company rose to Rs 497.09 crore over Rs 328.23 crore in the year-ago period. "This quarter has been transformational for Interarch as we continue to expand and strengthen our manufacturing footprint across India. The commissioning of Phase II at our Andhra Pradesh facility marks another key milestone, making it our fourth fully integrated PEB plant and taking our total installed capacity to 2,00,000 MT," the company's Managing Director Arvind Nanda said. "The groundbreaking of our Gujarat facility marks another major step in our journey. Located in a state renowned for its world-class infrastructure and thriving semiconductor, EV, and allied industry clusters, this new plant will play a pivotal role in our next phase of capacity expansion and market reach," .
Backed by a robust order book and strong project pipeline, Interarch Building management is confident of sustaining this growth in the second half of the year.
Interarch Building shares jumped in trade today after the company announced that it has secured an order worth ₹80 crore from Ather Energy.