Author Topic: GVK Power and Infrastructure Topline sizzles  (Read 5612 times)

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GVK Power and Infrastructure Topline sizzles
« on: November 01, 2009, 07:19:12 PM »
On a Consolidated basis for the quarter ended September 2009 the sales revenue of GVK Power and Infrastructure stood at Rs 492.32 crore which was a whopping 350% higher when compared with corresponding previous quarter last year. Sharp rise in the topline was primarily on the back of full contribution from Jegurupadu (JP)-II and Gautami power plant (both commissioned during quarter ended June 2009). This quarter both the plants operated at full load for the entire quarter. This aided healthy performance during the quarter under review. For the quarter ended September 2009 on the back of full operational of all 3 power plants the revenue of Power segment increased sharply to Rs 446.71 crore as compared to quarter ended September 2008.

The OPM (Operating Profit Margin) decreased by 1340 basis points to 30.6%. The subsequent Operating Profit for the quarter under review stood at Rs 150.78 crore which was 217% higher when compared with corresponding period last year. The ensuing Net Profit after Minority Interest for the quarter under review stood at Rs 44.23 crore which was 45% higher on Y-o-Y basis.