ICSA's profit zooms to Rs 126 crore

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Hyderabad, Apr 24 (UNI) ICSA (India) Limited, engaged in the construction of power transmission lines and sub-stations, today announced its year end results, posting a Profit After Tax (PAT) of Rs 126.5 crore compared to Rs 58.92 crore for the year ending March 31, 2007, registering an YoY increase of 114.71 per cent.

According to a press release here, the total income of the company increased by 103.17 per cent from Rs 333.25 crore in 2007 to Rs 677.05 crore in the financial year 2008.

The company has posted Rs 37.46 crore PAT for the quarter ended March 31, 2008 compared to Rs 18.31 crore for the Q4 in the last fiscal.

Commenting on the results, the Company's Chairman and Managing Director Bala Reddy said, ''the results are in line with our target for the future growth. We hope to maintain the same rate going forward.'' UNI AP VA VV JS1738

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