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Hyderabad, Oct 31

IVRCL Infrastructure and Projects Ltd's net profit more than doubled to Rs 35.25 crore in the second quarter ended September 30, 2007 as against Rs 15.57 crore in the corresponding quarter of previous fiscal. The revenue increased 89 per cent to Rs 699 crore (Rs 369 crore). In the half year, the Hyderabad-based company's revenues increased 72.5 per cent to Rs 1,387 crore (Rs 804 crore) while net profit grew to Rs 73.12 crore (Rs 36.59 crore), according to a release. Its subsidiary, IVR Prime Urban Developers Ltd posted 23 per cent increase in net profit during the half year at Rs 17.43 crore (Rs 14.20 crore). Hindustan Dorr-Oliver Ltd's (another subsidiary) revenues also grew by 61.15 per cent to Rs 125.78 crore (Rs 78.05 crore). - Our Bureau

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