Q1FY10 turnover up by 40.47 % at Rs 291 crore

Net profit up at Rs 11.96 crore

Gayatri Projects Limited (GPL), the Hyderabad-based Infrastructure Company has posted a turnover of Rs.291 crore for the quarter ended June 30, 2009 compared to Rs. 207 crore in corresponding period of last fiscal year, registering an increase of 40.47%.

Net profit for the first quarter stood at Rs. 11.96 crore as against Rs. 11.25 crore posted in the same period of last financial year. Diluted Earnings per share (EPS) increased by 6.2% to Rs. 11.84 as compared to Rs. 11.14 in corresponding period of the last year.

Commenting on the results, Mr. Sandeep Reddy Managing Director, Gayatri Projects Ltd said, “The result manifests the company’s concerted focus on construction and infrastructure development. We continue to maintain a positive outlook in view of the government’s thrust on the sector”.

The company at its board meeting held here today took on record the unaudited financial results for the quarter ended June 30, 2009.

About Gayatri Projects

The company, founded four decades ago, has been engaged in various in states like Andhra Pradesh, Assam, Uttar Pradesh, Madhya Pradesh, Karnataka, Gujarat, Maharashtra and Orissa. Among the projects are national and state highways, dams, reservoirs, ash ponds and major canal works.

The company’s order book is over Rs 6,000 crore.

Among the prestigious projects executed by the company is the well-known Nagarjuna Sagar in Andhra Pradesh.