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GR Infraprojects reports 41% rise in Q4 consolidated net profit

19 May 2023 Evaluate

GR Infraprojects has reported results for fourth quarter (Q4) and year ended March 31, 2023.

The company has reported 27.52% fall in net profit at Rs 192.21 crore for the quarter under review as compared to Rs 265.19 crore for the same quarter in the previous year. Total income of the company decreased by 10.92% at Rs 2,049.84 crore for Q4FY23 as compared to Rs 2,301.20 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 40.91% rise in its net profit at Rs  389.68 crore for fourth quarter ended March 31, 2023 as compared to Rs 276.56 crore for the same quarter in the previous year. Total income of the company increased by 3.21% at Rs 2,491.96 crore for Q4FY23 as compared to Rs 2,414.36 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported 11.95% rise in its net profit at Rs 851.77 crore as compared to Rs 760.82 crore for the previous year. Total income of the company increased by 3.44% at Rs 8,328.49 crore for year under review as compared to Rs 8,051.58 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 74.83% rise in its net profit at Rs 1,454.43 crore as compared to Rs 831.91 crore for the previous year. Total income of the company increased by 12.24% at Rs 9,568.81 crore for year under review as compared to Rs 8,524.97 crore for year ended March 31, 2022.

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