Lanco Infratech Ltd has reported a 42.5% fall in its second quarter net profit to Rs70.5 crore from Rs122.6 crore despite earning higher revenues.
However, the company's total revenues increased to Rs2,114.2 crore during the September quarter from Rs1,943.3 crore same period last fiscal, the company said in a regulatory filing.
On Friday, Lanco Infratech shares fell 4% at Rs61 on the Bombay Stock Exchange, while the benchmark Sensex declined 2.1% to 20,156 points.
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