IL&FS Transportation Networks Q3 Net up 18% to Rs 104-cr

IL&FS Transportation Networks Q3 Net up 18% to Rs 104-cr New Delhi: IL&FS Transportation Networks on Monday clocked 18 percent rise in consolidated net profit to Rs 104 crore for the third quarter ended December 2012 on increased income.

The company, which is in surface transportation business, had clocked Rs 87.80 crore net profit in the same period last fiscal.

Total income of the Mumbai-based firm also increased to Rs 1,764 crore during the period over Rs 1,268 crore a year ago, it said in a BSE filing.

Expenses also went up to Rs 1,337 crore from Rs 965 crore as is the finance costs which increased to Rs 284 crore during the quarter under review from Rs 185 crore a year ago. Tax expenses also rose by Rs 18 crore to Rs 65 crore.

Shares of the company Monday settled at Rs 202.80 apiece, up 1.81 percent in the BSE over their previous closing.

PTI