Gayatri Projects posts PAT of Rs 51 cr

Gayatri Projects (GPL), a city-based infrastructure company, reported a consolidated PAT of Rs 51.17 crore for the year ended March 31, up by 59.55 per cent over Rs 32.07 crore in the previous fiscal.

The turnover for the year stood at Rs 1,274.5 crore, up 24.07 percent against Rs 1,027.2 crore in the previous year.

The board of directors recommended a final dividend of Rs 2.50 per equity share, and a total dividend of Rs 5 per share for the year.

Its consolidated earnings per share (EPS) stood at Rs 36.47 during the financial year, against Rs 25.28 in the previous fiscal.

Net profit for the quarter ended March 31 stood at Rs 15.03 crore, up by 35.20 per cent from Rs 11.11 crore in the same period of the previous fiscal.

The turnover for the quarter rose by 13 per cent to Rs 377.21 crore, against Rs 333.9 crore in the previous year.

Sandeep Reddy, managing director, Gayatri Projects, said: "GPL posted a healthy growth on the back of the company's impressive order book and excellent execution capability."

"The outlook for the current financial year is encouraging and the future looks very bright for our company. We continue to maintain a positive outlook in view of the government's thrust on the infrastructure sector," he added.

GPL's scrip closed at Rs 437.70 today on the Bombay Stock Exchange, up by Rs 15.20 against the previous close.