Gayatri Projects Ltd reports Order Book of approx. Rs. 6, 931 crore

Gayatri Projects Limited (GPL), a prominent and well established infrastructure company specializing in road, irrigation, power transmission and industrial projects, with a pan India presence and a strong asset development portfolio, has announced its results for the quarter ended 30th June, 2014.

Financial Overview :Q1 FY15 Highlights vs. Q1 FY14 (Y-o-Y)

• Total Income `342 crore V/s `445 crore in  Q1 FY14
• EBIDTA `52 crore V/s `64 crore in Q1 FY14
• PAT `2 crore V/s `9 crore in Q1 FY14
• EPS at `0.74V/s `3.02 in Q1 FY1

Commenting on the results, Mr. Sandeep Kumar Reddy, Managing Director, Gayatri Projects Limited said “Our performance for the quarter has to be looked at in light of what has been a continuing challenging environment. It has been achieved as a result of good project execution pace and our dedicated efforts towards cost discipline.

We are now seeing a visible improvement in the macros and are optimistic of this translating to improved order flow. There is clear intent on the part of the authorities to action projects across the construction, infrastructure, irrigation and allied spaces and we are optimistic of Gayatri participating in this opportunity.

Performance of our road portfolio comprising of operational and under construction projects continues to remain strong. All of the operational projects generating excess cash post meeting their debt commitments is reflective of the quality of our assets. In addition, the achievement of PCC for our toll based project IDTL will further accentuate the revenue generating ability of our road development business.

Performance of our Power development subsidiary also continues to progress steadily and we are on track towards commissioning the first phase of our power project TPCIL, in partnership with SembCorp by the end of the year. Further the extension of partnership with SembCorp, in our power project with NCC, ensures prudent financial and technical expertise thereby enabling timely completion of the project.”