IVRCL Infrastructures & Projects has declared its financial results for first quarter of the fiscal year 2010-11. As per the company, its net profit has gone down in the reviewed quarter of the current year as compared to its corresponding quarter in the previous year.

IVRCL Infrastructures & Projects has said that there has been a 21% decline in the net profit figure. The net profit of the firm was reported to be Rs 28.07 crore for the first quarter of the current year.  For the same period of time, the net profit was Rs 35.5 crore in the previous year.  

IVRCL Infrastructures & Projects has produced this fact to the Bombay Stock Exchange in a filing.

Moreover, there has been a decline in its total income for the quarter under review compared to its year ago corresponding quarter as well. The total income of the company has dropped to Rs 1,107.29 crore in June quarter of 2010-11.

The total income was reported to be Rs 1,113.51 crore for its like period in the 2009-10 fiscal.