GVK Power and Infrastructure Ltd. : GVK Power & Infrastructure Limited (GVKPIL) today announced its unaudited consolidated Financial Results
11/11/2011| 10:50am US/Eastern
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GVJ PIL registered a consolidated total income of Rs. 491.27
Crores for the quarter ended September 30, 2011, as against
Rs. 506.48 Crores during the corresponding quarter of the
previous year. The EBIDTA at a consolidated level for the
quarter stood at Rs.145.19 Crores as against Rs.145.45 Crores
in the corresponding quarter of the previous year. GVKPIL's
consolidated net profit for the quarter ended September 30,
2011 in Rs. 37.92 Crores as against Rs. 42.81
Crores in the second quarter of the previous year.
The Lower profit after tax was attributable to the restricted
supply of gas for the power projects as a result of which the
plants did not operate at full capacity.
Operational Highlights
The three gas based project is 464 MW GVK Gautami Power
Limited and 235 MW Phase I & 220 MW Phase II projects of GVK
Industries Limited have recorded a revenue of Rs. 416.85
Crores for the quarter ended September 30, 2011.
GVK Jaipur Expressway Private Limited recorded an increase of
22.2% in the revenue in the quarter. Similarly Mumbai
International Airport Private Limited had registered an
increase of 19.9% in the revenue and Bangalore International
Airport Limited an increase of 19.9% for the quarter ended
September 30, 2011 compared to the previous quarter of the
corresponding year.
About GVK
GVK is India's largest Infrastructure developer with
experience and expe4ritse spanning area such as Energy,
Airports, Roads and Urban Infrastructure. As on date GVK has
invested over Rs. 15,000 Crores (US$ 3.3 Billion) in various
projects and has on hand projects in the pipeline of over Rs.
30,000 Crores (US$ 6.6) Billion
For further information contact:
Mr. A.Issac George
Director & Chief Financial Officer GVK Power & Infrastructure
Ltd. Tel: +91-40-2790 2663 / 64
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