News Details

( As on 31/07/2024 20:10)

GPT Infraprojects Q1 net profit up 12.58% at Rs 17.54 cr

The company reported standalone net profit of Rs 17.54 crore for the quarter ended June 30, 2024 as compared to Rs 15.58 crore in the same period last year, registering a year-on-year growth of 12.58 per cent.

Net revenue of the company rose by 0.82 per cent at Rs 236.22 crore in April-June quarter of this fiscal as against Rs 234.30 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 1.02 per cent to Rs 204.87 crore from Rs 206.99 crore in year ago period.

Other Income dipped by 41.00 per cent at Rs 3.08 crore versus (Jun'23 Rs 5.22 crore).

Operating Profit surged by 14.79 per cent to Rs 31.35 crore as against Rs 27.31 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 13.81 per cent in June quarter.

Interest declined by 6.93 per cent y-o-y to Rs 7.92 crore, while Taxation increased by 6.02 per cent at Rs 5.46 crore (Jun'23 Rs 5.15 crore).