Stoke Focus: GVK Power

Recomment to keep buying in dips.
Report:
Financials GVK Power & Infrastructure registered a steep drop of 86.69% in net profits of Rs 7.59 million for the quarter ended in March, 2007 from a profit of Rs 57.04 million for the quarter ended in March, 2006. Net Sales for the quarter rose 10.52% to Rs 25.53 million for the quarter ended March, 2007 from Rs 23.10 million for the quarter ended March, 2006. Total income dipped 71.28% to Rs 27.03 million, from Rs 94.12 million for the quarter ended March, 2006. The earnings per share (EPS) of the company stood at Rs 0.32 in the quarter ended March, 2007.