Constronics Infra Reports Rs 100.47 Crore Q1 Profit, Acquires Energy Solutions Subsidiary
Constronics Infra posted a net profit of Rs 100.47 crore in Q1, compared to a loss of Rs 6.33 crore in the previous year. Revenue from operations surged by 344% to Rs 1,273.76 crore. The company acquired Constronics Energy Solutions Private Limited and appointed a new CFO. Auditors noted Rs 5.87 lakh in seized cash, for which no provision has been made in the accounts.