Lanco Infra posts 68% rise in profit

Aug 17, 2010 |

Correspondent

HYDERABAD-BASED Lanco Infratech on Monday reported a huge 68 per cent jump to the profit after taxes, at Rs 194.7 crore for the quarter ended June 30. The company posted a profit after tax of Rs 115.9 crore in the corresponding quarter of the previous fiscal, Lanco Infratech said in a statement. The current orderbook of the company stands at Rs 24,800 crore.
“Our power business has contributed to the profits, 900 MW of additional power capacity has come up during this quarter,”Mr J Suresh Kumar, chief finance officer, Lanco Infratech, said. He added that a substantial jump in profits in the coming quarters is expected from the power sector.

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