Core Projects reports decent Q1 numbers

Core Projects & Technologies has reported unaudited results for the first quarter ended June 30, 2011.

The company’s profit for the quarter ended June 30, 2011 has soared by 71.29% at Rs 40.22 crore as compared to Rs 23.48 crore for the corresponding quarter last year. Its total income has grown by 46.39% at Rs 169.32 crore for the quarter under review from Rs 115.66 crore for the same quarter last year.

On consolidated basis, the Group’s net profit for the quarter has surged 52.88% at Rs 66.18 crore as compared to Rs 43.29 crore for the quarter ended June 30, 2010. Its total income has increased by 47.88% at Rs 326.60 crore for the quarter under review as compared to Rs 220.85 crore for the similar quarter of the previous year.