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Corporate Results - Real Estate & Construction
Madhucon Projects Q3 net grows 30 pc

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Bharat Matrimony

Hyderabad Jan. 29 Madhucon Projects Ltd (MPL) has reported an income of Rs 120.50 crore for the quarter ended December 31, 2006 against Rs 101.52 crore for the corresponding quarter of last year, a growth of 18.70 per cent.

The net profit for Q3 of the current fiscal grew by 30 per cent at Rs 9.78 crore from Rs 7.49 crore in the comparative quarter of the previous year. The earnings per share (EPS) stood at Rs 7.95 compared to Rs 11.04.

For the 9 months, MPL registered revenues of Rs 326.91 crore up from Rs 223.06 crore during the corresponding period of the previous year, a 46 per cent growth. The net was Rs 30.14 crore (Rs 14.15 crore), a jump of 113 per cent.

The infrastructure company specialising in roads, dams, commercial complexes etc. has an order book of approximately Rs 5,000 crore, a press release giving the details of the unaudited results for the quarter said.

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