IVRCL reports sharp decline in its Q1 net profit

17 Aug 2011

IVRCL has reported unaudited results for the first quarter ended June 30, 2011.

The company reports 66.40% drop in its net profit during the first quarter ended June 30, 2011 at Rs 4.21 crore down from Rs 12.53 crore for the corresponding quarter last year. However, the revenues of the company for the quarter under review remained flat at Rs 1,123.79 crore up by 1.49% against Rs. 1,107. 27 crore for the corresponding quarter last year.

IVRCL is engaged primarily in providing Engineering, Procurement, Construction and Commissioning services in major infrastructure segments including urban/rural water supply, irrigation and environment related projects, pipelines, power projects (substations and transmission and distribution Lines), buildings and industrial structures, roads and bridges.

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