BGR Energy Systems net up 48%

BGR Energy Systems net up 48%

Chennai: BGR Energy Systems Ltd, the Chennai-based engineering, procurement and construction company, Tuesday said its net profits increased by 47.81% to Rs23.68 crore for the second quarter of this fiscal.

The company had a net profit of Rs16.02 crore during the corresponding period of last fiscal, BGR Systems said in a statement.

The company’s total income for the second quarter of current fiscal stood at Rs425.20 crore as against Rs311.59 crore during the same period of last fiscal, it said.

For the half-year ended 30 September, the net profit stood at Rs40.91 crore, against Rs30.71 crore during the same period of last year, while its total income stood at Rs733.66 crore, against Rs544.35 crore.

The company’s order booking grew by 320% at Rs10,613 crore, it said.

The growing opportunities in power, oil and gas sectors in India and abroad provide impetus for growth. The company is geared up to seize the available market potential and expects to achieve significant growth in order booking, sales and profitability, the company statement said.

However, the current macro-economic crisis and global scenario may slowdown the growth, the release added.

My Reads Logout