GVK Power and Infrastructure Limited, with interests in power, infrastructure and others, reported a 2 per cent increase in net profit to Rs 33.39 crore for the quarter ended June 30, 2010, as compared with Rs 32.73 crore in the corresponding period last year.
Revenues stood at Rs 489.86 crore, up 47.45 per cent from Rs 332.21 crore last year.
During the quarter, the company transferred its investments in GVK Coal (Tokisud) Company Limited and Goriganga Hydro Power to its wholly-owned subsidiary GVK Energy. It also received approval from the shareholders for transfer of its investments in GVK Industries, GVK Gautami Power and Alaknanda Hydro Power to its wholly-owned subsidiary GVK Energy as part of its exercise to create a power subholding.
