Madhucon Projects reports 34% fall in Q3 net profit

14 Feb 2012

Madhucon Projects has reported results for third quarter ended December 31, 2011.

The company has posted a fall of 34.43% in its net profit at Rs 7.54 crore for the quarter ended December 31, 2011 as compared to Rs 11.50 crore for the same quarter in the previous year. However, total income has increased by 77.47% at Rs 624.88 crore for quarter under review as compared to Rs 352.11 crore for the quarter ended December 31, 2010.

Madhucon Projects (MPL) is a profit making listed Public Limited Company engaged in execution of infrastructure projects, such as construction of national highways, fly-overs, dams, tunnels, aquaducts, bridges, coal handling plants, workshops property development projects including high rise structures, Hospitality and retail industry structures etc. and enjoying substantial non-fund based limits in the form of bank guarantees with banks under Multiple Banking arrangements.

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