*IVRCL Infrastructure & Projects* reported a steep drop in standalone net profit for the quarter ended December 2008. The company failed to meet analysts` expectation.
During the quarter, the profit of the company declined 27.37% to Rs 465.23 million from Rs 640.56 million in the same quarter last year. The analysts polled by Bloomberg had estimated earnings of Rs 754 million for the quarter ended December 2008. Net sales for the quarter rose 22.03% to Rs 11,895.77 million as against the prior period and also below analysts` expectation of Rs 13,316.33 million. The total income for the quarter rose 22.07% to Rs 11,909.61 million, when compared with the prior year period. The company reported earnings of Rs 3.48 a share during the quarter, registering 29.41% decline over prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 11,895.77 9,748.57 22.03 *Net Profit* 465.23 640.56 (27.37) *Basic EPS* 3.48 4.93 (29.41) During the quarter, interest cost increased 2.37 times to Rs 419.19 million while depreciation cost rose 42.48% to Rs 123.37 million over previous year period. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
