Gayatri Projects Limited has posted a net profit of Rs 7.28 crore for the second quarter ended September 30, 2015 as against a net profit of Rs 1.13 crore for the corresponding quarter last year.

The Hyderabad-based infrastructure company registered a total income of Rs 317.20 crore for the second quarter as against Rs 306.32 crore for the second quarter last fiscal.

For the financial year ended March 31, 2015, the company had posted a net profit of Rs 22.05 crore and total income of Rs 1,601.14 crore.

During the second quarter, the company had raised equity share capital of Rs 106.44 crore by issue of 52,23,386 equity shares of Rs 10 each at a premium of Rs 193.78 per equity share by way of preferential allotment. This includes 36,04,000 equity shares to Foreign Institutional Investors and 16,19,386 equity shares to promoters by way of conversion of unsecured loans into equity, in terms of the Master Restructuring Agreement entered with the company Lenders.

Following these allotments, the paid up capital of the company has increased from Rs 30.22 crore to Rs 35.45 crore and the share premium has increased from Rs 254 crore to Rs 355.22 crore, according to a statement made with BSE.

The company shares were trading at Rs 683.25 at BSE, up 1.07 per cent during the day.

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