ICSA India, which provides embedded technology solutions for the power sector, has posted 9 per cent decline in net profit at Rs 34.05 crore in the fourth quarter ended March 31, 2009 as compared to Rs 37.45 crore, while turnover rose 35.42 per cent to Rs 287.14 crore.
During the quarter, the raw material cost has increased marginally due to the inflationary trend in major input costs, said the company in a statement. The company's order book stood at Rs 1,915 crore.
In 2008-09, the company's profit has risen 51.40 per cent to Rs 168.27 crore, while income grew 64 per cent to Rs 1,113.09 crore.
The company stock closed at Rs 114.6, up 7.15% on the Bombay Stock Exchange today.
