BGR Energy Systems’ Q1 net dips by 17%

BGR Energy Systems has reported results for the quarter ended June 30, 2011.

The Company’s net profit for the quarter has dropped by 16.99% at Rs 50.25 crore as compared to Rs 60.54 crore for the corresponding quarter of the previous year. Its total Income has also decreased by 19.26% at Rs 734.17 crore for the Q1FY12 as compared to Rs 909.31 crore for Q1FY11.

BGR Energy Systems is engaged in the business of engineering, procurement and construct (EPC) contracting and balance of plant (BOP) contracting for power sector in India.