GVK Power & Infrastructure today said its consolidated net profit dipped by 20.60 per cent to Rs 107.56 crore for the year ended March 31, 2009, as compared to Rs 135.47 crore in the same period a year ago.
Net sales of the company rose to Rs 513.78 crore for the period under review, against Rs 469.99 crore in the same period last year.
During the year the company has acquired the entire share capital of GVK Energy and GVK Development Projects making them wholly owned subsidiaries of GVK Power and Infrastructure, the filing said.
On September 2008, the company has divested the entire equity holding in GVK Aviation, a company in aviation business, it added.
The board of the company has appointed Krishna Ram Bhupal as an Alternate Director of the company, it said.
Shares of GVK Power & Infrastructure settled at Rs 27.95, up 4.10 per cent on the BSE.
