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Gayatri Projects Q2 net up by 13% to Rs 13.36 cr

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Announcement Corporate

Revenue up by 14.68% to Rs. 321.64 cr

Gayatri Projects Limited (GPL), the Hyderabad-based leading Construction and Infrastructure Company, has reported a hike of 13.01 % in PAT, amounting to Rs. 13.36 crore for the quarter ended September 30, 2011 as against Rs 11.82 crore in the corresponding quarter of the last fiscal.

Revenue for the quarter has increased by 14.68 % to Rs. 321.64 crore as compared to Rs. 280.48 crore in the same quarter in the previous year.

Commenting on the growth blue-print, Mr. Sandeep Kumar Reddy, Managing Director, Gayatri Projects Limited said, “The impressive performance on Q-on-Q basis manifests the growth of the Company. Gayatri Projects Limited is positioned comfortably in view of the increased spending on infrastructure sector and thrust on private partnership to speed up infrastructure sector. We continue to maintain a positive outlook baking on our sound management, dedicated team and focused efforts to improve performance”.

 

EPS for the quarter stood at Rs 8.85 up by 11.18% as compared to Rs 7.96 in the corresponding period of previous quarter.

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First Published: Nov 14 2011 | 2:06 PM IST

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