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Madhucon Projects Ltd has posted a lower net profit of Rs 14.95 crore for the fourth quarter ended March 31, 2012 against Rs 19.29 crore in the corresponding quarter last year.
Income during the fourth quarter stood at Rs 432.32 crore against Rs 593.39 crore in the same period last fiscal.
While income for the financial year ended March 31, 2012 was higher by six per cent at Rs 1,802.47 crore against Rs 1,712.89 crore, net profit was up 13 per cent at Rs 36.50 crore (Rs 32.40 crore).
The company’s subsidiary, Madhucon Infra, has a portfolio of nine road projects valued at Rs 7,000 crore. Of these, four toll projects have been commissioned and are generating revenues.
Madhucon Projects has achieved financial closure for three road projects. It is on course to closing finances for two other build, operate and transfer mode projects to be executed between Vijayawada and Rajahmundry and Rajauli and Bhaktiyarpur.
The company shares were quoting down 2.33 per cent at Rs 46.05 today.
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