Global Vectra Q1 operational PAT at Rs 4cr

New Delhi, July 25, 2007: Global Vectra Helicorp Ltd. (GVHL) (BSE Code 532773; NSE Code GLOBALVECT), the leading helicopter company in oil and gas air logistics, has announced its net profit to be at Rs 10.81 crore, for the first quarter ended June 30, 2007.

Income from operations for the first quarter rose to Rs 45.74 crore in comparison with the corresponding quarter last year of Rs 28.30 Crore; a growth of 62%. Other Income is at Rs 10.86 crore which include credit of Rs 10.29 crore due to effect of changes in foreign exchange rates vide notification dated 7th December, 2006 which became applicable w.e.f. 1st April, 2007 which hitherto was adjusted against the value of fixed assets. Bottom line for the said quarter soared to Rs 10.81 crore. The earnings per share of GVHL for the quarter is at Rs 7.72 against Rs 10.03 for FY 2006-07. Aircraft utilization has also increased as E&P activities have ramped up along the east coast. The fleet size of GVHL is now 21 helicopters.

Mr. Allan Brown, Chief Executive Officer, Global Vectra Helicorp Ltd said, "GVHL's performance of vertical growth directly correlates to the boom the oil and gas industry is going through at present. The future is also full of promises from the industry and GVHL is geared to meet any kind of demand. FY08 is very crucial for us and we are confident of delivering what we have promised in the past."

The east coast is seen as an important market by the industry and GVHL for which it has geared up. GVHL forward bases like Rajamundhry, Vishakhapatnam and Bhubasneshwar are constantly being upgraded to accommodate more helicopter activity.

About Global Vectra Helicorp Limited

Global Vectra Helicorp Ltd. (BSE Code 532773; NSE Code GLOBALVECT) is India's largest dedicated off-shore air logistics support helicopter company. Since its inception in 1998, Global Vectra Helicorp Ltd. has consistently performed above industry standards and is the first Indian off-shore helicopter company to be credited with an ISO 9001:2000, ISO 14001-2000 and OHSAS ISO 18001-1999. Headquartered in Mumbai, the Rs 300 Crore company serves the E&P efforts of the country's oil industry on both sides of the Indian sub-continent through the main base at Juhu airport and forward bases at Vishakapatnam and Rajamundry. GVHL has a market share of 47% (2007) and serves some of the biggest clients in the industry, some of them being ONGC, Reliance Industries Ltd, Gujarat State Petroleum Corporation Ltd, Transocean Offshore Ventures India Ltd and BG Exploration and Production India Ltd.

Global Vectra Helicorp Ltd. (GVHL) is driven by good corporate citizenship, professionalism, focus on quality and customer centricity. Proof of that lies in the fact that GVHL has one of the highest records of helicopter availability, safety and reliability and flies 365 days a year through difficult flying conditions.

GVCL boasts of one of the most experienced and dedicated teams in the industry with 50 Bell 412 rated pilots, who have a cumulative experience of over 153,000 hrs of flying. All pilots are IFR rated, night current, DGR and HUET trained. GVHL is the only helicopter company in India to have an DGCA approved in-house Bell 412 training department. By December 2006, Global Vectra Helicorp had accumulated 51,000 hrs of offshore flight time with the Bell 412 Helicopter.

Global Vectra Helicorp Ltd is guided by the Vectra Group's Core Values "� to develop robust alliances and to maintain transparency and integrity in business dealings resulting in mutually beneficial partnerships. Core values form the bedrock on which the Vectra Group has been built. Believed and followed by each of the over 200 employees, this is what drives the company to excel in whatever it does.

About The Vectra Group

Founded in the 1970s the Vectra Group today, has a multi-dimensional portfolio of companies that operate in various business domains across the world. The core businesses of the Group are Engineering, Automotive, Material Handling & Construction Equipment, Real Estate with recent additions into the Services & IT sectors. Operations of the Vectra Group are primarily in India and Eastern Europe spanning over 18 companies with 8 manufacturing facilities in 6 countries. Vectra Group's headquarters are in the United Kingdom.