B.L. Kashyap & Sons standalone net profit rises 20.44% in the Q2

B.L. Kashyap & Sons standalone net profit rises 20.44% in the Q2

Bangalore, November 19, 2018: B. L. Kashyap & Sons Limited, one of the leading construction, infrastructure, and civil engineering companies in the country, has announced its result for the second quarter that ended 30 September 2018.

Net profit of B.L.Kashyap & Sons rose 20.44% to Rs 9.90 crore in the quarter ended September 2018 as against Rs 8.22 crore during the corresponding quarter of the previous year (September 2017).

While sales declined 13.55% to Rs. 205.66 crore in September 2018 compared to Rs. 237.90 crore in September 2017, effective measures to control costs have helped the company post strong results. The total expenditure reduced 14% to 195.90 crore as against 228.45 crore in the corresponding quarter of 2017.

The company has been able to maintain a positive sentiment in the market and bag noteworthy orders this year, too. It is well established in cities where most developer centric growth is happening like Bangalore, Pune & Hyderabad along with having a stronghold in the North, which is a hub for EPC activity in the Government sector.

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Mr. Vineet Kashyap, MD, B.L.Kashyap and sons said “The year 2017-18 ended on a positive note. By leveraging our strengths in quality and delivery, we have built some of the largest composite structure steel works across the country. With the diverse mix of new projects in infrastructure and commercial real estate in the pipeline, this year looks promising too.”