Captive contracts boost Lanco Infratech’s Q2 net

Captive contracts boost Lanco Infratech’s Q2 net
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First Published: Tue, Oct 27 2009. 11 44 PM IST
Updated: Tue, Oct 27 2009. 11 44 PM IST
Hyderabad: Engineering and construction contracts from group companies and gains from trading in power helped Lanco Infratech Ltd more than double its profit in the quarter ended 30 September.
The company’s second quarter revenue rose 51% to Rs1,926.5 crore, boosting its net profit by 138% to Rs122.5 crore, the firm said in a statement on Tuesday.
Business volumes in the high-margin engineering, procurement and construction (EPC) sector were sustainable at higher levels and the order book is now at around Rs14,000 crore, as against some Rs10,000 crore in the first quarter, chief financial officer J. Suresh Kumar said.
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First Published: Tue, Oct 27 2009. 11 44 PM IST