Pursuant to equity raised through QIP and debt repayments
Gayatri Projects has provided update on the company's liquidity and debt position -Equity raised from the QIP earlier this month has been fully utilised to discharge the company's debt servicing obligations.
The company is now regular in all payments to the banking system.
Post equity raising through QIP and debt repayments, the company's pro-forma networth has gone up to 1056.5 crore and gross debt outstanding has come down to Rs 1843.2 crore.
Consequently, the company's gross debt to pro-forma equity ratio has dropped from 2.8 to 1.7 during the current year. This is despite a 52% y-o-y growth in the company's reported revenues to Rs 1979.1 crore during the first 9 months of the current year.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
