High finance costs have eaten into BGR Energy Systems’ net profit during the first quarter of the current year. The company, which is into Balance of Plant and EPC in the energy sector, has reported a 33 per cent drop for the quarter ended June 30, 2012, as compared with the corresponding period in the previous year. BGR Energy has reported a net profit of Rs 33.66 crore (Rs 50.25 crore) on a total income of Rs 610.94 crore (Rs 732.86 crore) for the quarter ended June 30, 2012. Finance costs have jumped to Rs 34.20 crore from Rs 18 crore in the comparable period. The income from BoP and EPC contracts was Rs 568.59 crore. Its order book at the end of the first quarter stood at Rs 15,000 crore, said a company press release. — Bloomberg

(This article was published in the Business Line print edition dated August 4, 2012)
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