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Hyderabad, Oct. 30

Gayatri Projects’ net profit increased 42.5 per cent at Rs 6.79 crore in the second quarter ended September 30 compared with Rs 4.77 crore in the corresponding quarter of the previous fiscal. The net sales grew by 76.8 per cent at Rs 144.5 crore (Rs 81.7 crore). In the half year, the company posted Rs 13.74 net profit (Rs 11.72 crore) marking an increase of 17.2 per cent. The turnover increased 52.2 per cent to Rs 279.54 crore (Rs 183.6 crore). The increase in net pr ofit and turnover of the Hyderabad-based company was due to keeping the interest costs stable in the period under review compared to the corresponding period last year and increased execution of projects, according to a release.

– Our Bureau

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