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GVK Power & Infrastructure Ltd (GVKPIL) has registered a higher net profit of Rs 58.92 crore for the first quarter ended June 30, 2011, against Rs 33.92 crore it logged for the corresponding quarter last year on a consolidated basis.
The company's income on a consolidated basis was up at Rs 632.36 crore during the first quarter ended June 30, 2011, against Rs 497.45 it registered for the corresponding quarter last year. The EBIDTA at a consolidated level stood at Rs 140.47 crore, against Rs 126.25 crore.
For the fiscal ended March 31 2011, the company closed with total sales of Rs 1,914.66 crore and a net profit of Rs 154.91 crore.
The Chief Financial Officer of GVKPIL, Mr A. Issac George, in a statement said all the three gas projects were not able to operate at full capacity due to the restricted supply of gas.
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