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Lanco Infratech reports 43% fall in its FY11 net profit

30 May 2011 Evaluate

Lanco Infratech has reported results for the year ended March 31, 2011.

The company has registered a fall of 42.78% in its net profit for the year under review at Rs 278.32 crore as compared to Rs 486.38 crore for the last year. Its total income has decreased by 1.38% at Rs 5915.18 crore for the year from Rs 5998.21 crore in previous year.

On consolidated basis, the group’s net profit for the year has declined 2.72% at Rs 446.07 crore as compared to Rs 458.55 crore for the year ended March 31, 2010. Total income for the year has increased by 1.37% at 8500.04 crore as compared to Rs 8385.04 crore for the previous year.

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