IL&FS Transportation Networks disclosed a sharp rise in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 76.86% to Rs 1,885.70 million. The company has reported profit of Rs 1,066.20 million in the same quarter last year. Net sales for the quarter rose 35.75% to Rs 9,393.20 million, compared with Rs 6,919 million for the prior year period.
Earnings per share for the quarter stood at Rs 7.24, registering 40.31% growth over previous year period. IL&FS Transportation Networks was formed in the year 2000 as a wholly owned subsidiary of Infrastructure Leasing and Financial Services (IL&FS), which has been a major player in India in Infrastructure development and financing for the last 25 years.
Transportation Infrastructure development was initially taken up in IL&FS and thereafter the transportation vertical IL&FS Transportation was formed wherein the projects undertaken and implemented by IL&FS were domiciled.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 9,393.20 | 6,919.40 | 35.75 |
| Net Profit | 1,885.70 | 1,066.20 | 76.86 |
| Basic EPS | 7.24 | 5.16 | 40.31 |
Shares of the company declined Rs 8.95, or 4.22%, to trade at Rs 202.90. The total volume of shares traded was 36,299 at the BSE (1.01 p.m., Wednesday).
