BGR Energy third quarter net slips 49 per cent

Engineering, procurement and construction major BGR Energy has witnessed 49 per cent decline in net profit to Rs 14.51 crore for the third quarter ending December 31, 2014.
The Chennai-based company had registered a net profit of Rs 28.50 crore during corresponding quarter of previous year.
Total income from operations for the October-December 2014 jumped to Rs 988.57 crore from Rs 835.79 crore during same period of previous year.
"The construction and EPC contracts segment contributed over 92 per cent of the revenues at Rs 908.16 crore. The company's focus on execution and collection of receivables across all projects enabled the company realise an EBIDTA of Rs 77.25 crore during the quarter", it said.

As of December 31, 2014 the company carried over an order book of Rs 10,691 crore, the release said.