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During the December quarter, Supreme Infrastructure posted 11% lower net profit due to higher costs even as its sales increased 10%
Supreme Infrastructure India Ltd (Supreme Infrastructure), an engineering, procurement and construction (EPC) company, reported an 11% lower third quarter net profit mainly on higher costs.
For the quarter to end-December, Supreme Infrastructure said its net profit fell 11% to Rs32.10 crore from Rs35.92 crore, while its total revenues, including sales, increased 10% to Rs606.26 crore from Rs550.29 crore, a year ago period.
During the quarter, Supreme Infra’s total expenditure increased 14% to Rs529.01 crore from Rs464.24 crore, while its project expenses grew 25% toRs520.17 crore from 414.75 crore, same period last year.
Between December 2012 and December 2013, FIIs shareholding in the company grew to 13.25% from 12.30% and public shareholding increased to 30.50% from 24.32% in a same period a year ago. While, domestic institutional investors (DIIs) shareholding fell to 1.28% from 6.77%, and promoter shareholding fell to 54.97% from 56.61%.
Supreme Infrastructure order book as of 31 December 2013 stood at Rs5,918 crore. On 15 February 2014, in a regulatory filing Supreme Infrastructure said, it has added nine major orders worth Rs1,118 crore in West, North and East zones across India.
Supreme Infrastructure closed Monday 2.2% up at 206.9 on the BSE, while the 30-share Sensex ended the day marginally up at 20,464.
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