Om Infra Ltd’s consolidated net profit more than doubled to Rs 16 crore in the June quarter on the back of higher revenues, the company said in a statement on Monday. It had clocked a net profit of Rs 7.20 crore in the year-ago period, according to the statement.
The company’s revenue from operations rose to Rs 262.71 crore in the first quarter of the ongoing fiscal from Rs 116.85 crore a year ago. Its order book stood at Rs 2,500 crore as on June 30. "The government’s initiatives like Jal Jeevan Mission and other infra boosts have played a major role in the robust performance during the quarter," Om Infra Chief Financial Officer SK Jain said in the statement. It provides turnkey-based solutions for various infrastructure projects.
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