Infra developer Dilip Buildcon Q2 profit falls 33% to Rs 17.18 crore

Infrastructure developer Dilip Buildcon on Friday reported 33.41 per cent dip in consolidated net profit to Rs 17.18 crore for the second quarter ended September 30.

The company had clocked a net profit of Rs 25.80 crore in the corresponding quarter previous fiscal.

Its total income for the quarter rose to Rs 2,197.73 crore from Rs 1,997.48 crore in the year-ago period.

The total expenses during the quarter under review increased to Rs 2,140.47 crore as against Rs 1,953.66 crore a year ago.

The company said its Q2FY21 revenue from the roads and bridges segment inched up by 1 per cent on a year-on-year basis to Rs 1,603.4 crore.