Hyderabad-based infrastructure company IVRCL has
reported quite lower than expected profit after tax at Rs 5 crore for the
fourth quarter of FY12, down 92.2% as compared to Rs 64 crore in a year ago
period.
Income from operations too came in lower than estimates at
Rs 1,596 crore in January-March quarter of 2012, a fall of 22.22% from Rs 2,052
crore year-on-year.
Analysts on average had expected net profit at Rs 29 crore
and revenues at Rs 1,789 crore for the quarter.
At 15:26 hours IST, the share was trading at Rs
44.85, down Rs 6.30, or 12.32%. Market capitalisation of the company stands at
Rs 1,197.54 crore.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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