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Ramky Infra Consolidated Q3 Profit Climbs 14.3%

  • Ramky Infrastructure has posted consolidated net profit of Rs 531.57 million for the quarter ended December 31, 2011 as compared to Rs 465.06 million for the quarter ended December 31, 2010, representing an increase of 14.30%.Total consolidated income has increased from Rs 8.36 billion for the quarter ended December 31, 2010 to Rs 9.40 billion for the quarter ended December 31, 2011, representing an increase of 12.48%.
  • Commenting on the results, Y R Nagaraja, MD, Ramky Infrastructure (Q,N,C,F)* indicated that ``the operating performance of the company has been in line with the expectation taking into consideration the high interest rates during the period.  Further, there have been significant positive developments in terms of new orders booked during the period including few road, water and building projects which will give better visibility for future.``Shares of the company gained Rs 8.6, or 3.66%, to trade at Rs 243.60. The total volume of shares traded was 1,201 at the BSE (3.49 p.m., Tuesday).

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