GVK Infra Q1 net soars 76.5% to Rs 59 cr
GVK Power & Infrastructure posted 76.46 % increase in Q1 net profit at Rs 59 cr as against Rs 33 cr in the same period last year.
By PTI | Updated:
MUMBAI: Infrastructure developer GVK Power & Infrastructure (GVKPIL) today posted a 76.46 percent increase in net profit for the June quarter at Rs 58.92 crore as against Rs 33.39 crore in the same period last year.
Net sales for the period stood at Rs 632.36 crore, a 27.12 percent rise over Rs 497.45 crore year-on-year.
During the quarter, the Hyderabad-based company's three gas-based projects -- the 464mw Gautami Power, the 235mw phase-I and 220-mw phase-II projects of GVK Industries -- recorded a total revenue of Rs 565.13 crore.
However, they were not able to operate at full capacity due to restricted supply of gas, a statement issued by the company here said.
The company's airport projects including those at Mumbai and Bangalore posted a growth of 19.83 percent and 17.16 percent, respectively, in revenues for the quarter.
The Jaipur expressway project recorded an increase of 14.21 per cent in the revenue, the release said.
Net sales for the period stood at Rs 632.36 crore, a 27.12 percent rise over Rs 497.45 crore year-on-year.
During the quarter, the Hyderabad-based company's three gas-based projects -- the 464mw Gautami Power, the 235mw phase-I and 220-mw phase-II projects of GVK Industries -- recorded a total revenue of Rs 565.13 crore.
However, they were not able to operate at full capacity due to restricted supply of gas, a statement issued by the company here said.
The company's airport projects including those at Mumbai and Bangalore posted a growth of 19.83 percent and 17.16 percent, respectively, in revenues for the quarter.
The Jaipur expressway project recorded an increase of 14.21 per cent in the revenue, the release said.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
