New Delhi, Feb 9 (PTI) Kalpataru Power Transmission Ltd (KPTL) on Thursday said its net profit declined 57.9 per cent to Rs 109 crore during the December quarter, on increased expenses.

The company had clocked net profit of Rs 259 crore in the October-December quarter of preceding 2021-22 fiscal, KPTL said in a regulatory filing.

Also Read | Education Ministry Says No Proposal To Convert Existing Institute, Varsity Into Central University.

Its total income rose to Rs 4,006 crore from Rs 3,916 crore in the year-ago quarter.

At Rs 3,847 crore, total expenses were higher compared to Rs 3,766 crore a year ago.

Also Read | Punjab State Dear Mahashivratri Bumper Lottery 2023: Know Prize Money, Draw Result Date And Other Details.

KPTL is amongst the leading engineering, procurement, and construction (EPC) companies with proven experience and expertise spanning over three decades.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)