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Journalism of Courage
Infrastructure developer Simplex Infrastructures today reported a 33 percent fall in net profit for the June quarter at Rs 24 crore on account of higher interest costs,against Rs 36 crore in the same period last fiscal.
Total sales for the period grew 7.32 percent to Rs 1,260 crore as against Rs 1,174 crore in the year-ago period,a press release issued here.
The company’s domestic business,which accounts for 90 percent of sales,grew 16 percent to Rs 1,138 crore from Rs 981 crore in the corresponding period previous year.
Total order book stood at Rs 14,348 crore,it said.
During the quarter,Simplex bagged orders worth Rs 873 crore.
In addition,it achieved L1 (lowest bidder) position worth Rs 1,898 crore as of June,out of which Rs 936 crore were converted into orders in July,the release said.
