GMR Infrastructure, the Bangalore-based infrastructure firm, has posted a 40 per cent decline in net profit to Rs 53.6 crore for the second quarter ended September 30, 2009 as compared to corresponding quarter of last fiscal.
Total Income has increased by 41 per cent from Rs 856.5 crore for the quarter ended September 30, 2008 to Rs 1209.7 crore for the quarter ended September 30, 2009.
The company also announced that it intends to raise upto Rs 1,000 crore through issue of preference shares. This move to raise upto Rs 1,000 crore comes couple of months after the company failed in its efforts to raise around Rs 2,000 crore through a QIP issue.
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