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Thursday, November 02, 2006

IVRCL Infra - Moving Steadily



IVRCL Net Jumps 39% For Sep`06 Qtr

IVRCL Infrastructure & Projects has reported a jump in net profits by 39.04% at Rs 155.67 million for the quarter ended September 30, 2006, as compared with Rs 111.96 million for the quarter ended September 30, 2005. The sales of the company rose to Rs 3644.13 million for the current quarter as compared with Rs 2566.59 million for the same quarter last year. The total income also saw a rise to Rs 3698.69 million for the quarter under consideration as compared with Rs 2566.59 million for the quarter ended September 30, 2005.

The earnings per share (EPS) of the company however saw a decline to Rs 1.43 for the current quarter as compared with Rs. 5.41 for the quarter ended September 30, 2005. IVRCL recently bagged orders of the value of Rs 3.29 billion, which include water transmission works of the value of Rs 2.84 billion in the states of Gujarat and Kerala and building works of the value of Rs 450 million.



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