 "GVK Power net profit falls manifold to Rs 153.87 crore in Sep qtr")
GVK Power and Infrastructure Limited (GPIL) on Friday posted a multifold fall in its consolidated net profit to Rs 153.87 crore during the September 2022 quarter due to higher expenses.
Its profit was Rs 2,395.01 crore in the July-September period of the preceding 2021-22 fiscal, the company said in a BSE filing.
The company's total income increased to Rs 1,012.05 crore from Rs 93.71 crore in the year-ago period.
Expenses soared to Rs 840.10 crore against Rs 182.24 crore a year ago.
GVK is a leading Indian conglomerate with diversified interests across various sectors, including energy, airports, transportation, hospitality and life sciences.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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