Financial Highlights

• On a Consolidated basis for the quarter ended September 2009 the sales revenue of GVK Power and Infrastructure stood at Rs 492.32 crore which was a whopping 350% higher when compared with corresponding previous quarter last year. The OPM (Operating Profit Margin) decreased by 1340 basis points to 30.6%.

• The subsequent Operating Profit for the quarter under review stood at Rs 150.78 crore which was 217% higher when compared with corresponding period last year. The ensuing Net Profit after Minority Interest for the quarter under review stood at Rs 44.23 crore which was 45% higher on Y-o-Y basis.

Highlights of the call

• During the quarter under review the PLF of JP1 (Jegurupadu 1), JP2 (Jegurupadu 2) and Gautami stood at 86%, 95% and 95% respectively.

• The management of the company expects merchant sales from JP2 and Gautami to begin in Q3FY'10.

• The Financial closure of the Goindwal Sahib project is expected to be achieved by November 2009.

• The company has already completed purchase of a 9.5% stake in Gautami power at a consideration of Rs 112 crore.

• The company has chalked out a capex plan of around Rs 300 crore as equity base in FY'10. In terms of break up Rs 75 crore will be spent on MIAL, Rs 150 crore on Alaknanda and around Rs 80 crore on oil and gas exploration activities.

• Progress at the Alaknanda hydro project is on schedule; it is expected to be commissioned by end of Calendar Year 2011.

• During the quarter under review the company has raised an amount of Rs 716.85 crore by issuing 173,361,500 equity shares of Re 1 each at a premium of Rs 40.35 through QIP issue. The shares were allotted on July 9,2009 and as a result the paid capital has increased to RS 157.92 crores