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GMR infra Q4 6%up

GMR Infrastructure, the flagship company of GMR Group, on Friday said its consolidated net profit rose by 6.43 per cent to Rs Rs 53.24 crore in the fourth quarter ended March 31, 2009, over the same period last year.

The company had a net profit of Rs 50.02 crore for the quarter ended March 31, 2008, GMR Infrastructure said in a filing to the Bombay Stock Exchange.

“Despite the recessionary trends in the economy and the effects of the global meltdown, the GMR Group has been able to demonstrate peak revenue growth, spotless project execution, improved operational efficiency and timely funding for all its projects an d acquisitions,” GMR Group Chairman, Mr GM Rao said.

The total income of the company rose to Rs 1,327.07 crore in the quarter ended March 2009, from Rs 905.19 crore in the same period last year.

The company posted a net profit of Rs 279.45 crore, up 33 per cent from Rs 210.08 crore for the year ended March 31, 2008.

The total income has increased from Rs 2,364.53 crore for the year ended March 31, 2008, to Rs 4,040.37 crore in the 2009 fiscal. Shares of GMR Infrastructure were trading at Rs 179.75, up 1.27 per cent on the BSE. – PTI

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