Gayatri Projects Ltd has posted a lower net profit of Rs 8.02 crore for the first quarter ended June 30, 2012, as against Rs 16.73 crore it registered in the corresponding quarter last year.
The Hyderabad-based company’s revenue was marginally up at Rs 404.21 crore as against Rs 401.43 crore in the period under review.
The board has approved a proposal to acquire shares in an overseas joint venture company subject to getting the nod from members in the forthcoming annual general meeting.
The company management has approved a new logo and brand guidelines for the Gayatri Group to be implemented from August 20, 2012.
Gayatri Projects’ shares were quoting at Rs 100, up 1 per cent during the day’s trade.