GMR Infrastructure announces Q3 results
GMR Infrastructure, a leading infrastructure developer, has posted a net profit of Rs 68.75 crore , up 43 per cent as compared with Rs 48.06 crore last year.
By INDIATIMES NEWS NETWORK |
BANGALORE: GMR Infrastructure, a leading infrastructure developer, has posted a net profit of Rs 68.75 crore , up 43 per cent as compared with Rs 48.06 crore last year. Its consolidated gross operating revenue of Rs 430.87 crore in the quarter ended December 31, 2006, 96 per cent higher than Rs. 219.36 crore in the quarter ended December 31, 2005. This growth was primarily driven by contribution from the Delhi Airport operations.. The EPS thus translated to Rs. 1.61 as against Rs. 1.35 on an expanded equity base.
Commenting on the results G.M. Rao, Chairman and Managing Director -GMR Infrastructure Limited said "GMR has delivered yet another successful quarter with a significant increase in our operating revenues as well as bottom line. Yet, today our focus is more on building two world class airports. In just a little more than one year from now, we will deliver an International airport at Hyderabad and two years later in Delhi. This is going to change the entire airport scenario in the country, and will set new benchmarks. "
GIL which is the holding company of the Group's infrastructure projects being implemented through various special purpose vehicles (SPVs) across businesses covering Energy, Roads and Airports. GMR Infrastructure's model is unique; it is the only listed company on Indian bourses which offers investors an opportunity to participate in the emerging growth opportunities in the airport sector.
Over the years the Company has followed the public private partnership model to build a portfolio of high quality assets that include two airports, comprising the brown field expansion at New Delhi and the green field venture at Hyderabad; five green field power plants - with three in operation and two under
.
Commenting on the results G.M. Rao, Chairman and Managing Director -GMR Infrastructure Limited said "GMR has delivered yet another successful quarter with a significant increase in our operating revenues as well as bottom line. Yet, today our focus is more on building two world class airports. In just a little more than one year from now, we will deliver an International airport at Hyderabad and two years later in Delhi. This is going to change the entire airport scenario in the country, and will set new benchmarks. "
GIL which is the holding company of the Group's infrastructure projects being implemented through various special purpose vehicles (SPVs) across businesses covering Energy, Roads and Airports. GMR Infrastructure's model is unique; it is the only listed company on Indian bourses which offers investors an opportunity to participate in the emerging growth opportunities in the airport sector.
Over the years the Company has followed the public private partnership model to build a portfolio of high quality assets that include two airports, comprising the brown field expansion at New Delhi and the green field venture at Hyderabad; five green field power plants - with three in operation and two under
.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
