GMR Infrastructure, the flagship company of GMR Group, has posted a decline of 69.92 per cent in its consolidated net profit, which falls to Rs 22.53 crore for the first quarter ended June 2009, over the same period last year.

The company had posted a net profit of 74.92 crore for the quarter ended June 30, 2008.

However, the company remained successful to register a surge in its total income, which rose from Rs 89.26 crore for the quarter ended June 30, 2008 to Rs 118.95 crore for the quarter ended June 30, 2009.

Further, on a standalone basis, the company has posted a decline of 91.50 per cent in its net profit, which slipped to Rs 3.56 crore for the quarter ended June, as compared to Rs 41.89 crore for the quarter ended June 30, 2008.

The total income of the Bangalore-based company has also dropped to Rs 17.48 crore in the latest quarter from Rs 55.44 crore in the same period last year.