JMC Projects (India) reported a consolidated net profit of Rs 41.44 crore in Q4 FY21 as against net loss of Rs 54.76 crore in Q4 FY20.
Net sales during the quarter increased 42.6% year-on-year (YoY) to Rs 1392.22 crore. The company posted a pre-tax profit of Rs 61.57 crore in the fourth quarter compared with pre-tax loss of Rs 52.32 crore reported in the same period last year.
The construction firm recorded a consolidated net loss of Rs 26.20 crore in the year ended 31 March 2021 as against a net profit of Rs 1.20 crore in the year ended 31 March 2020. Net sales declined 0.6% to Rs 3844.46 crore in FY21 over FY20.
JMC Projects (India) (JMC), a subsidiary of Kalpataru Power Transmission, is a civil engineering and EPC company.
The scrip gained 0.63% to currently trade at Rs 103.35 on the BSE.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU