Vascon Engineers’ Q4 consolidated net tumbles 83%

Vascon Engineers has reported a fall of 82.74% in its consolidated net profit at Rs 4.85 crore for the quarter ended March 31 as against Rs 28.10 crore in the corresponding period last year. The consolidated total income from operations during the fourth quarter has decreased by 51.79% to Rs 180.73 crore from Rs 374.89 crore in the year-ago period.

For the full year 2011-12, the company’s consolidated net profit went down by 79.28% to Rs 13.43 crore from Rs 64.83 crore in the previous fiscal. The consolidated total income from operations during FY12 declined 30.39% to Rs 712.12 crore from Rs 1022.96 crore in FY'11.