Gayatri Projects Q1 Net up 26% to Rs 15 cr

Turnover up by 17.72 % to Rs. 342.59 cr

Financial Highlights – Q1 FY11 (all comparisons with Q1 FY10)

• Turnover at Rs 342.59 crore, up by 17.72 % from Rs 291.02 crore
• Net profit at Rs 15.06 crore, up by 25.93 % from Rs 11.96 crore
• EPS for the quarter at Rs 10.21

Gayatri Projects Limited, (GPL), the Hyderabad-based Infrastructure Company has reported a rise of 25.93% in net profit, amounting to Rs. 15.06 crore for the first quarter ended June 2010 as against Rs 11.96 crore in the previous quarter of the last fiscal.

Turnover for the quarter has increased by 17.72 % to Rs. 342.59 crore as compared to Rs 291.02 crore in the same quarter in the previous year.

Earnings per share (EPS) were up by 8.27 % to Rs 10.21 from Rs 9.43.

The Board of Directors of Gayatri Projects Limited at its meeting held today took on record the standalone financial results of the company for the first quarter of FY 2011.

Commenting on the results, Mr. Sandeep Reddy, Managing Director, Gayatri Projects Limited said, “We are encouraged by our performance on our core verticals. This sets us up to deliver strong volume growth during the year as planned. With comfortable order booking, our outlook continues to be highly positive”.

About Gayatri Projects Limited (GPL):

The company, founded four decades ago, has been engaged in various infrastructure activities in Andhra Pradesh, Assam, Uttar Pradesh, Madhya Pradesh, Karnataka, Gujarat, Maharashtra and Orissa. Among the projects undertaken are national and state highways, dams, reservoirs, ash ponds and major canal works. The company’s present order book value is over Rs 7,000 crore (Rupees Seven Thousand Crore only)