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IVRCL Ltd has registered a profit of Rs 6.06 crore for the quarter ended March 31 against a profit of Rs 4.94 crore for the corresponding period last year, recording a jump of 22.67 per cent.
Income from operations was down 6.5 per cent at Rs 1,494.26 crore against Rs 1,597.97 crore for the same period last year.
The Hyderabad-based construction and infrastructure company’s full year numbers are not comparable as it had an extended 15-month financial year last year. This was to facilitate restructuring of operations, including the merger of group companies and also the demerger of certain divisions.
For the nine months that ended March 31, IVRCL achieved a turnover of Rs 3,734 crore. For the 15-month period ended June 30, the company had a turnover of Rs 6,148 crore.
In a statement, R. Balarami Reddy, Executive Director-Finance and Group Chief Financial Officer, IVRCL, said that the company had to absorb finance cost of Rs 132.7 crore for the quarter against Rs 97.16 crore for the corresponding quarter last year.
The company has an order book of Rs 27,444 crore.
IVRCL shares closed at Rs 18.15, down 1.89 per cent at BSE.
> rishikumar.vundi@theindu.co.in
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