Inkel Ltd, the infrastructure development company, has recorded a 25 per cent growth in net profit at ₹19.67 crore in FY'16 against ₹15.8 crore in the previous fiscal.
The pattern of revenue earnings during 2015-16 changed substantially with the commissioning of Tower 2 at the business park in Angamaly, and diversifying into core areas like bridges and roads.
Deployment of large funds for development activities is a key reason for the change in revenue pattern, T Balakrishan, Managing Director, said.
Consolidated revenue for the year was pegged at ₹39.99 crore. Another significant change in the nature of operations is that the company has begun to focus more on core infrastructure projects, he said, adding that the business park has attracted very good response from the industries.
Total value of the projects in hand, both ongoing and those in the pipeline, stands at ₹600 crore in the current financial year, he said.
Inkel has also forayed into solar engineering, facility management, advisory and consultancy, and modern agri-farming.
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