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Article: GMR posts Rs 242 crore net profit,equity share face value Rs 2.(Financial report)
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- July 1, 2007
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GMR posts Rs 242 crore net profit,equity share face value Rs 2
Mumbai, Jul 1 (PTI): Leading infrastructure developer, GMR Infrastructure Ltd has registered 16 per cent jump in net profit at Rs 242 crore for FY 07 as compared to Rs 208 crore earned in FY 06.
The Bangalore-based company's gross revenue from operations up by 85 per cent increased from Rs 1,062 crore in FY 06 to Rs 1,969 crore in FY 07.
Subject to approval of shareholders, the company has decided to reduce the face value of the equity shares to Rs two per share to encourage retail participation.
"The company's market capitalisation moved up from Rs 7,000 crore to ...