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Gayatri Projects consolidated net profit up

Gayatri Projects Ltd (GPL) has reported a robust hike of 59.55 % in consolidated PAT, amounting to Rs51.17 crore for the year ended March 31, 2010 as against Rs32.07 crore in the corresponding period of previous fiscal.

Consolidated turnover for the Year has increased by 24.07% to Rs1274.50 crore as compared to Rs1027.20 crore in the corresponding period last year. The Board of Directors took on record audited consolidated annual financial results for the year ended March 31, 2010. The Board of Directors have recommended a final dividend of Rs.2.50 per Equity share (25%) and a total dividend of Rs5/- per share (50%) for the year.
Consolidated Earnings per Share (EPS) – Basic- is at Rs 36.47 during the FY ended March31 2010 as against Rs25.28, a year ago Gayatri Projects Limited’s net profit for the quarter ended March 31, 2010 stood at Rs 15.03 crore, up by 35.20 % from Rs 11.11crore in the last financial year. The turnover for the quarter ended on March 31, 2010 rose by 12.97 % to Rs 377.21 crore as against Rs 333.90 crore last year.
Commenting on the results, Sandeep Reddy, Managing Director, Gayatri Projects Ltd, said, "GPL posted a healthy growth on the back of company’s impressive order book and excellent execution capability. The outlook for the current financial year is encouraging and the future is very bright for our company.
We continue to maintain a positive outlook in view of the government’s thrust on the infrastructure sector."

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