IVRCL climbs as quarterly profit more than triples

18th November 2013: IVRCL, an infrastructure player, gained on Monday after it disclosed a sharp rise in standalone net profit for the quarter ended September 2013.

During the quarter, the profit of the company rose 3.09 times to Rs.1,224.93 million from Rs.395.90 million in the same quarter last year.

Net sales for the quarter rose 13.07% to Rs.11,246.85 million, compared with Rs.9,947 million for the prior year period.Shares of the company are trading at Rs.13.75, up Rs.0.24, or 1.78% at the Bombay Stock Exchange (BSE) on Monday at 11:02 a.m. The scrip has touched an intra-day high of Rs.13.98 and low of Rs.13.50. The total volume of shares traded at the BSE is 346,676.In the earlier session, the shares gained 1.96%, or Rs.0.26, at Rs.13.51. Currently, the stock is trading down 71.47% from its 52-week high of Rs.48.20 and above 40.31% over the 52-week low of Rs.9.80.

Courtesy: The New Indian Express