Friday, May 30, 2008

Lanco Infratech Announces Quarter Results

Lanco Infratech Ltd has announced the following results for the quarter & year ended March 31, 2008:

The Unaudited results for the Quarter ended March 31, 2008

The Company has posted a net profit of Rs 1099.94 million for the quarter ended March 31, 2008 where as the same was at Rs 242.66 million for the quarter ended March 31, 2007. Total Income is Rs 6689.45 million for the quarter ended March 31, 2008 where as the same was at Rs 2202.10 million for the quarter ended March 31, 2007.

The Audited results for the Year ended March 31, 2008

The Company has posted a net profit of Rs 2001.76 million for the year ended March 31, 2008 where as the same was at Rs 730.61 million for the year ended March 31, 2007. Total Income is Rs 16036.25 million for the year ended March 31, 2008 where as the same was at Rs 5533.99 million for the year ended March 31, 2007.

The Consolidated results are as follows:

The Unaudited consolidated results for the Quarter ended March 31, 2008
The Group has posted a net profit of Rs 1594.60 million for the quarter ended March 31, 2008 where as the same was at Rs 569.00 million for the quarter ended March 31, 2007. Total Income is Rs 12677.66 million for the quarter ended March 31, 2008 where as the same was at Rs 5005.64 million for the quarter ended March 31, 2007.

The Audited consolidated results for the Year ended March 31, 2008

The Group has posted a net profit of Rs 3541.71 million for the year ended March 31, 2008 where as the same was at Rs 1879.97 million for the year ended March 31, 2007. Total Income is Rs 33365.50 million for the year ended March 31, 2008 where as the same was at Rs 16473.48 million for the year ended March 31, 2007.

During the year ended March 31, 2007 the Company had consolidated certain group entities engaged in the business of Power, Construction, Property Development and Infrastructure under its management. Consequently, these Companies had become its subsidiaries / associates at various points of time during the previous year. Hence, the consolidated results for the current period are not fully comparable with those of the corresponding period of the previous year.

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