GVK Power & Infrastructure today said its consolidated net profit surged over two fold

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to Rs 45.80 crore for the third quarter ended December 31, 2009, over the same period previous fiscal.

Net sales of the company increased to Rs 473.50 crore for the latest quarter against Rs 104.34 crore for the same period last fiscal, GVK Power & Infrastructure said in a filing to the Bombay Stock Exchange (BSE).

For the nine months ended December 31, 2009, the company posted a net profit of Rs 122.76 crore against Rs 93.31 crore for the same period last fiscal.

On standalone basis the company reported net profit of Rs 6.58 crore against Rs 3.30 crore for the same period a year ago.