Construction company Gammon India today reported a profit after tax (PAT) of Rs 20.87 crore for the third quarter ended December 2009, whereas the same was at Rs 510 crore a year earlier.
Figures of the current period are not comparable with the results of corresponding period a year earlier due to merger of Associated Tranrail Structures (ATSL) with the company, Gammon India said in a filing to the Bombay Stock Exchange (BSE).
Meanwhile, in a separate statement to the BSE, the company said its Director Parvez Umrigar has resigned with effect from December 23, 2009.
Net sales of the firm stood at Rs 1,014.54 crore at the end of December quarter, while the same was at Rs 653.64 crore last fiscal.
For the nine-month period ended December, Gammon India posted a PAT of Rs 90.02 crore, whereas it was at Rs 67.84 crore during the year ago period.
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