Tuesday, August 16, 2011

IVRCL Q1 net profit down 86% at Rs 4cr YoY

IVRCL has reported a fall of 86% (YoY) in profits for the first quarter of FY12. During the period, net profit of the company declined to Rs 4 crore as against Rs 28.1 crore in the corresponding quarter last fiscal.

Net income went up just 1.45% to Rs 1,122 crore from Rs 1,106 crore year-on-year.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

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