GVK Power & Infrastructure today said its consolidated net profit dipped by 20.60 per cent to Rs 107.56 crore for the year ended March 31, 2009, as compared to Rs 135.47 crore in the same period a year ago.
Net sales of the company rose to Rs 513.78 crore for the period under review, against Rs 469.99 crore in the same period last year.
During the year the company has acquired the entire share capital of GVK Energy and GVK Development Projects making them wholly owned subsidiaries of GVK Power and Infrastructure, the filing said.
On September 2008, the company has divested the entire equity holding in GVK Aviation, a company in aviation business, it added.
The board of the company has appointed Krishna Ram Bhupal as an Alternate Director of the company, it said.
Shares of GVK Power & Infrastructure settled at Rs 27.95, up 4.10 per cent on the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app