Ramky Infra posts Rs 28 cr net profit for third quarter

Ramky Infrastructure today returned to black posting a net profit of Rs 27.63 crore in the third quarter ended December 2016.
The company had reported a net loss of Rs 10.43 crore in the same quarter of the previous fiscal.
Its total income rose to Rs 373.25 crore in the third quarter, from Rs 341.80 crore in the same period of the last fiscal, the company said in a regulatory filing today.
During the quarter, the expenses came down to Rs 276.65 crore as against Rs 391.45 crore in the year-ago period.
The Hyderabad-based Ramky Infrastructure is an integrated construction, infrastructure development and management company.

The scrip ended at Rs 78.05, up 3.79 from its previous close, on BSE.