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Hyderabad Jan. 29 IVRCL Infrastructures and Projects Ltd has registered a turnover of Rs 533.46 crore for the third quarter ended December 31, 2006, against Rs 374.44 crore in the previous year, showing a growth of 42.47 per cent.

The profit before tax (PBT) went up to Rs 41.57 crore (Rs 22.79 crore), an increase of 82.39 per cent.

For the nine-month period, the company's turnover stood at Rs 1,337.12 crore (Rs 918.85 crore), registering a growth of 45.52 per cent.

The PBT was put at Rs 87 crore (Rs 52.11 crore), recording an increase of 66.87 per cent.

IVRCL's listed subsidiary Hindustan Dorr-Oliver Ltd achieved net sales of Rs 134 crore during the nine-month period as against Rs 95.61 crore in the same period the previous year. The PBT went up to Rs 12.58 crore from Rs 4.87 crore.

According to Mr E. Sudhir Reddy, Chairman and Managing Director, the company had plans to develop about 57 million sq ft. The company's land reserves of 2,299 acres were valued in the region of Rs 4,999 crore to Rs 5,525 crore.

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