Supreme Infrastructure India Limited, one of the most promising infrastructure companies in India posted a hike in net sales for the third quarter of the present fiscal. The company’s income from operations increased 55% for the quarter ended December 31, 2009 to Rs1.43bn as against Rs923.2mn in the corresponding quarter of the last year.
PAT increased by 105% to Rs114.7mn from Rs55.8mn, YoY. Earnings per Share (EPS) stands at Rs.8.27 in Q3 against Rs.4.02 in the corresponding quarter of the last year.
Commenting on the results, Vikas B. Sharma, MD Supreme Infrastructure India Ltd. said, "We are extremely pleased with our results. The jump in PAT is due to better resource deployment and cost control. We are confident of maintaining the same pace in the time to come"
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.