GVK Power & Infrastructure (GVKPIL) has posted a phenomenal increase in net profit for the period Q4 (ending Mar 2011) of the current fiscal (FY11). During the said quarter, net profit rises 11.10% to Rs 36.8 crore in comparison to Rs 33.1 crore of Q4 (ending Mar 2010) of previous year(FY10). GVK Power & Infrastructure (GVKPIL) is engaged in infrastructure development in areas of power, airports and roads. Incorporated in 1994, the company till date has invested over Rs 5,000 crore in infrastructure projects.
The company informed the share market (BSE/NSE) that the total income/net sales however decreased to Rs 461.8 crore in quarter ended Apr 2011 when compared with the last years same quarter ended Apr 2010 which was Rs 488.6 crore.
For the full financial year ended 31st March 2011, the company posted a net profit of Rs 68.29 crore, as compared to Rs 21.68 crore in the last fiscal.
Share’s Data :-
BSE Code : 532708
Mkt. Cap: Rs 3,576.89 Crores
GVK Power & Infrastructure Ltd. share’s CMP is Rs 22.55 on 9th May 2011.
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