Net profit of Simplex Infrastructures declined 12.03% to Rs 24.43 crore in the quarter ended September 2018 as against Rs 27.77 crore during the previous quarter ended September 2017. Sales rose 18.70% to Rs 1479.09 crore in the quarter ended September 2018 as against Rs 1246.04 crore during the previous quarter ended September 2017.

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Simplex Infrastructures will hold a meeting of the Board of Directors of the Company on 14 November 2018.

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Simplex Infrastructures has received revision in credit ratings from CARE as under -

Long term bank facilities (Rs 2624.40 crore) - CARE A-;Stable (Revised from CARE A; Stable)

Long / short term bank facilities (Rs 7900 crore) - CARE A-; Stable/ CARE A2+ (Revised from CARE A; Stable/ CARE A1)

Commercial paper issue (Rs 650 crore) - CARE A2+ (Revised from CARE A1)

Non convertible debenture issue (Rs 525 crore) - CARE A-; Stable (Revised from CARE A; Stable)

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Simplex Infrastructures announced that the Annual General Meeting (AGM) of the company will be held on 25 September 2018.

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