homeinfrastructure NewsGMR Infra's Q2 net loss narrows to Rs 218.86 crore

GMR Infra's Q2 net loss narrows to Rs 218.86 crore

Total income during the second quarter of this fiscal stood at Rs 2,025.72 crore as against Rs 1,980.92 crore in the year-ago period.

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By PTI Nov 15, 2018 12:17:18 PM IST (Published)

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GMR Infra's Q2 net loss narrows to Rs 218.86 crore
GMR Infrastructure's consolidated net loss for the September quarter narrowed to Rs 218.86 crore as against a net loss of Rs 404.46 crore in the same quarter last fiscal.

Total income during the second quarter of this fiscal stood at Rs 2,025.72 crore, up 2.61 percent as against Rs 1,980.92 crore in the year-ago period, GMR Infrastructure said in a BSE filing Thursday.
While revenue from airports business grew by 11.86 percent to Rs 1,315.52 crore in the period under consideration, revenue from power segment fell by 41.93 percent to Rs 178.17 crore.
GMR Infra's engineering, procurement, and construction (EPC) vertical clocked Rs 231.81 crore revenue - a growth of 22.07 percent.
Revenue from roads business declined by 8.52 percent to Rs 134.7 crore during the second quarter of this fiscal.

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