GVK Power & Infra slips on weak Q1 earnings

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Capital Market
Last Updated : Aug 08 2013 | 10:25 AM IST

GVK Power & Infrastructure fell 3.11% at Rs 13.10 at 14:37 IST on BSE after the company reported a net loss of Rs 64.30 crore in Q1 June 2012 compared with a net profit of Rs 58.92 crore in Q1 June 2011.

The result was announced during trading hours today, 8 August 2012.

Meanwhile, the BSE Sensex was up 82.53 points, or 0.47%, to 17,684.31.

On BSE, 27.77 lakh shares were traded in the counter as against an average daily volume of 24.60 lakh shares in the past one quarter.

The stock hit a high of Rs 13.78 and a low of Rs 13.02 so far during the day. The stock had hit a 52-week high of Rs 20.40 on 17 February 2012. The stock had hit a record low of Rs 9.56 on 19 December 2011.

The stock had underperformed the market over the past one month until 7 August 2012, falling 15.24% compared with the Sensex's 0.46% rise. The scrip had also underperformed the market in past one quarter, falling 6.11% as against 4.07% rise in the Sensex.

The small-cap company has an equity capital of Rs 157.92 crore. Face value per share is Re 1.

Net sales rose 33.68% to Rs 818.55 crore in Q1 June 2012 over Q1 June 2011.

GVK Power & Infrastructure has business interests in airports, roads, power and resources.

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First Published: Aug 08 2012 | 2:39 PM IST

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