Companies

Gayatri Projects net falls to Rs 8 cr in Q1

V. Rishi Kumar Hyderabad | Updated on August 14, 2012 Published on August 14, 2012

Gayatri Projects Ltd has posted a lower net profit of Rs 8.02 crore for the first quarter ended June 30, 2012, as against Rs 16.73 crore it registered in the corresponding quarter last year.

The Hyderabad-based company’s revenue was marginally up at Rs 404.21 crore as against Rs 401.43 crore in the period under review.

The board has approved a proposal to acquire shares in an overseas joint venture company subject to getting the nod from members in the forthcoming annual general meeting.

The company management has approved a new logo and brand guidelines for the Gayatri Group to be implemented from August 20, 2012.

Gayatri Projects’ shares were quoting at Rs 100, up 1 per cent during the day’s trade.

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Published on August 14, 2012
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