Man Infraconstruction Q3 net up 29% to Rs 7.25 cr

Man Infraconstruction Ltd today reported a 28.77 per cent increase in consolidated net profit at Rs 7.25 crore for the quarter ended December 31, 2015.
The infrastructure firm had clocked a net profit of Rs 5.63 crore for the October-December period of the previous fiscal.
The company's total income from operations remained stagnant at Rs 56 crore.
Total expenses declined to Rs 44.93 crore from Rs 53.29 crore in the year-ago period.
The net profit on standalone basis stood at Rs 14.97 crore during the quarter under review as against Rs 5.49 crore in the year-ago period.
Man Infraconstruction has executed port project for Nhava Sheva International Container Terminal at Jawaharlal Nehru Port Terminal, besides having worked at Jawaharlal Nehru Port Trust, Mundra Port, Chennai Port, Vallarpadam Port and Pipavav Port.

Shares of the company were trading at Rs 36.65 apiece, up 3.53 per cent from the previous close on BSE.