GMR Infrastructure posted a 26.2 per cent increase in profit after tax (PAT) at Rs 28.4 crore for the first quarter ended June 2010 over the same quarter last year. The company reported a PAT of Rs 22.5 crore in April-June 2009.
The net revenue for the reporting quarter rose by 4.6 per cent to Rs 1,231.3 crore from Rs 1,177.5 crore in the same quarter last year.
The group Chairman G M Rao said: “The current financial year has started on a positive note for us. We have successfully relocated our 220 mega watt barge mounted power plant to Kakinada and resumed generation. This will give us significant upside in our Revenue this year. We have also successfully completed the new Terminal 3 in Delhi airport."
"We also won the prestigious Male international airport against global competition. Successful financial closure of two highway projects completed the story for all-round progress across all the three sectors we operate in. We are looking forward optimistically to the rest of the year on the back of these early successes this year.”
After reporting PAT for Q1, the stock gained 2.62 per cent at Rs 58.65 on the BSE today.
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