MEP Infrastructure shines on strong Q2FY17 numbers
DSIJ Intelligence / 13 Dec 2016
MEP Infrastructure Developers has declared its Q2FY17 results on Monday. The company’s revenue increased 20.55 per cent to Rs 191.35 crore in Q2FY17 as compared to the same period in the previous financial year.
MEP Infrastructure Developers has declared its Q2FY17 results on Monday. The company’s revenue increased 20.55 per cent to Rs 191.35 crore in Q2FY17 as compared to the same period in the previous financial year. The company’s operating profit too rose 18.8 per cent to Rs 179 crore in Q2FY17 on a yearly basis. Its PAT also increased 0.96 per cent to Rs 4.19 crore in Q2FY17 as compared to the same period in the previous financial year.
On the half-yearly front, MEP Infrastructure Developers’ topline decreased 6.88 per cent to Rs 895 crore in H1FY17 as compared to the same period in the previous fiscal. The company’s operating profit too increased more than double to Rs 609 crore in H1FY17 on a yearly basis. Its bottomline rose more than nine times to Rs 98 crore in H1FY17 as compared to the same period in the previous financial year.
The share price of MEP Infrastructure Developers increased 16.37 per cent on the bourses in early trades and is trading at Rs 39.25 on intraday basis.
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