Lanco Infra reports 67% fall in Q3 consolidated net profit

14 Feb 2012

Lanco Infratech has reported results for third quarter ended December 31, 2011.

The company has posted a fall of 81.51% in its net profit to Rs 24.70 crore for the quarter ended December 31, 2011 as compared to Rs 133.56 crore for the same quarter in the previous year. However, total income has increased by 26.56% to Rs 2566.15 crore for quarter under review as compared to Rs 2027.64 crore for the quarter ended December 31, 2010.

On the consolidated basis, the company has posted a decline of 66.81% in its net profit at Rs 183.15 crore for the quarter ended December 31, 2011 as compared to Rs 551.75 crore for the same quarter in the previous year. However, total income has increased by 76.38% at Rs 3053.68 crore for the quarter under review as compared to Rs 1731.33 crore year ago.

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