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Gujarat Industries Power reports 52.60% rise in its Q4 net profit

25 May 2011 Evaluate

Gujarat Industries Power Company has announced the results for the year ended March 31, 2011.

The company has posted a net profit of Rs 162.95 crore for FY11, surged by 52.60% as compared to Rs 106.78 crore in the last year. Net sales/ income from operation has increased by 14.78% to Rs 1077.95 crore for the year from Rs 939.12 crore in last year.

Gujarat Industries Power Company has recommended payment of dividend of Rs 2.50 per equity share or 25% for the financial year 2010-11.

Peers
Company Name CMP
NTPC 302.95
Tata Power 335.55
Adani Power 184.10
Power Grid Corpn. 251.75
Adani Energy Solut. 1289.25
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