Gujarat Industries Power Co standalone net profit rises 284.85% in the March 2016 quarter

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Sales rise 48.54% to Rs 366.13 crore
Net profit of Gujarat Industries Power Co rose 284.85% to Rs 61.46 crore in the quarter ended March 2016 as against Rs 15.97 crore during the previous quarter ended March 2015. Sales rose 48.54% to Rs 366.13 crore in the quarter ended March 2016 as against Rs 246.48 crore during the previous quarter ended March 2015.For the full year,net profit rose 49.16% to Rs 188.41 crore in the year ended March 2016 as against Rs 126.31 crore during the previous year ended March 2015. Sales rose 11.31% to Rs 1345.76 crore in the year ended March 2016 as against Rs 1209.06 crore during the previous year ended March 2015.
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First Published: May 28 2016 | 9:18 AM IST