Supreme Infrastructure reported a dip in net profit at Rs 27 crore (Rs 27.4 crore) for the quarter-ended March 31, 2012.
Total income was up 55 per cent at Rs 509 crore (Rs 328 crore).
For FY12, total Income rose 58 per cent to Rs 1,509 crore (Rs 953 crore). Net profit was up 22 per cent to Rs 93 crore ( Rs 76 crore).
Order book
The current order book stands at Rs 3,903 crore.
Mr Vikram B. Sharma, Managing Director, said, “Given the macro environment, we have significantly reduced risks in our business with a stake sale in the road BOT (build-operate-transfer) business and achieving financial closure for all projects. We have also expanded geographically by adding contracts in Jharkhand and Assam.”
During the quarter, 3i Capital agreed to invest $61 million (about Rs 330 crore) by picking up a minority stake in four road projects.
The company has nine road BOT projects of which two have begun toll collections.