Technofab Engineering Q2 net profit soars 65%
During the same period, the company's net sales increased by 82% to Rs 73.19 crore from Rs 40.15 crore in Q2FY10.
By ET Online |
New Delhi: Technofab Engineering Ltd ( TEL), engaged in the business of providing EPC services and executing a wide range of Balance-of-Plant (BoP) and electro-mechanical projects on a complete turnkey basis, has announced its financial results for the second quarter ended September 30, 2010.
The company registered a jump of 65% in net profit to Rs 6.5 crore compared to Rs 3.9 crore for the same quarter previous year. During the same period, the company’s net sales increased by 82% to Rs 73.19 crore from Rs 40.15 crore in Q2FY10. EBIDTA for Q2FY11 increased by 53% to Rs.10.35 crore compared to Rs 6.76 crore in Q2FY10.
For the half year ending September 30, 2010, the company’s net sales increased by 52% to Rs 108.70 crore compared to Rs 71.7 crore in the corresponding period last year. For the same period EBIDTA has increased by 29% to Rs 16.12 crore while net profit has increased by 36% to Rs 9.7 crore. The order book of the company stood at over Rs 600 crore as on 30th September 2010 with orders worth of Rs 185 crore being added during first the half of the current fiscal.
The company registered a jump of 65% in net profit to Rs 6.5 crore compared to Rs 3.9 crore for the same quarter previous year. During the same period, the company’s net sales increased by 82% to Rs 73.19 crore from Rs 40.15 crore in Q2FY10. EBIDTA for Q2FY11 increased by 53% to Rs.10.35 crore compared to Rs 6.76 crore in Q2FY10.
For the half year ending September 30, 2010, the company’s net sales increased by 52% to Rs 108.70 crore compared to Rs 71.7 crore in the corresponding period last year. For the same period EBIDTA has increased by 29% to Rs 16.12 crore while net profit has increased by 36% to Rs 9.7 crore. The order book of the company stood at over Rs 600 crore as on 30th September 2010 with orders worth of Rs 185 crore being added during first the half of the current fiscal.
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