GMR infra Q1 profit rises 26%

Aug 09, 2010 |

Correspondent

GMR INFRASTRUCTURE, the infrastructure-holding company of the GMR Group, on Monday reported a 26.23 per cent growth in consolidated net profit at Rs 28.44 crore for the quarter ended June 30, 2010. It had posted Rs 22.53 crore as net profit in the same quarter last year. The consolidated net revenue of the company rose to Rs 1,231.34 crore in the April-June quarter against Rs 1,177.52 crore reported in the first quarter of 2009-10. “The current financial year has started on a positive note for us. We have successfully relocated our 220 MW barge mounted power plant to Kakinada and resumed generation. This will give us significant upside in our Revenue this year,” the chairman, Mr G.M. Rao, said.

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