Gammon India Ltd has announced the results for the quarter & year ended March 31, 2008.
The Unaudited results for the Quarter ended March 31, 2008: The Company has posted a net profit of Rs 212.90 million for the quarter ended March 31, 2008 as compared to net loss of Rs 319.0 million for the quarter ended March 31, 2007. Total Income has increased from Rs 6325.00 million for the quarter ended March 31, 2007 to Rs 8126.10 million for the quarter ended March 31, 2008.
The Audited results for the Year ended March 31, 2008: The Company has posted a net profit of Rs 861.50 million for the year ended March 31, 2008 as compared to Rs 444.80 million for the year ended March 31, 2007. Total Income has increased from Rs 18713.80 million for the year ended March 31, 2007 to Rs 23381.50 million for the year ended March 31, 2008.
The Stock closed the day at Rs.213.95, down by Rs.29.30 or 12.05%. The stock hit an intraday high of Rs.247.70 and low of Rs.211.
The total traded quantity was 34218 compared to 2 week average of 23848.
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