Gayatri Projects Limited (GPL), a prominent and well established infrastructure company specializing in road, irrigation, power transmission and industrial projects, with a pan India presence and a strong asset development portfolio, has announced its results for the first quarter ended June 30, 2012.
Total Income up 1% to Rs404 crore (Rs4.01bnin Q1 FY12)
EBIDTA (incl. other income) stood at Rs56.5 crore (rS54.9 crore in Q1 FY12)
PBT at Rs125mn (252mn in Q1 FY12)
PAT stood at Rs8 crore (Rs16.7 crore in Q1 FY12)
Diluted EPS at Rs3.02 (RS11.08 in Q1 FY12)
Commenting on the results, Mr. Sandeep Kumar Reddy, Managing Director, Gayatri Projects Limited said, “Our revenues have been driven by strong execution combined with toll and annuity collections across all our road projects. A healthy mix of annuity and toll projects offer us both the safety of steady cashflows with the opportunity for upsides as traffic volumes improves Work on our Power projects is gaining momentum especially at our TPCIL project in partnership with SembCorp and we are confident of the commissioning of the same from FY14.I look forward to continued growth in the year going forward.”