GVK Power Q1 profit falls to INR 1.85 crore

GVK Power & Infrastructure Limited has announced the unaudited financial results for the quarter ended June 30th 2009. It has posted a net profit of INR 18.50 million for the quarter ended June 30th 2009 as compared to INR 90.00 million for the quarter ended June 30th 2008. Total income has decreased from INR 136.20 million for the quarter ended June 30th 2008 to INR 98.80 million for the quarter ended June 30th 2009.

The Group has posted consolidated net profit after tax minority interest of INR 327.30 million for the quarter ended June 30th 2009 as compared to INR 405.50 million for the quarter ended June 30th 2008. Total income has increased from INR 1413.70 million for the quarter ended June 30th 2008 to INR 3359.90 million for the quarter ended June 30th 2009.

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ABOUT GVK
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GVK Power & Infrastructure Limited is an India-based company.
The Company is focusing on power generation assets (gas, hydel and thermal), roads, airports, coal mines and oil and gas. On May 9, 2008, the Company acquired GVK Developmental Projects Private Limited.
On November 27, 2008, the Company acquired GVK Energy Limited.
The Company’s wholly owned subsidiary GVK Aviation Private Limited ceased to be a subsidiary with effect from September 30, 2008.