Engineering firm JMC Projects on Friday reported 47.78 percent increase in standalone net profit for the quarter ended June 30 at Rs 6.34 crore. The company, a subsidiary of Kalpataru Power Transmission, had reported Rs 4.29 crore profit in the corresponding quarter last fiscal, it said in a statement. Its total revenues for the quarter, however, declined 3.24 percent to Rs 582.78 crore during April-June quarter from Rs 602.32 crore a year ago.
The company's order-book as on date is over Rs 5,100 crore including a new order worth over Rs 57 crore received during the quarter. "We are on track of our target to improve margins with consolidation in topline growth, considering current healthy order-book and orders in pipeline, we expect to achieve higher topline growth going forward," the company's Deputy Managing Director S K Tripathi said. The company's all four road projects on build own operate transfer model have commenced commercial operations.
First three projects including Rohtak, Bawal, Agra, Aligarh and Nagpur, Wainganga road projects are operating on full length and full-toll basis.
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