Companies

GMR Infra net loss widens to Rs 700.34 cr

PTI New Delhi | Updated on January 16, 2018 Published on December 08, 2016

gmr

GMR Infrastructure today reported that its standalone net loss for the September quarter widened to Rs 700.34 crore due to provision for diminution in value of investments and advances in subsidiaries.

The company had reported a net loss of Rs 7.41 crore in the year-ago period.

Its total income from operations rose to Rs 331.22 crore from over Rs 292.6 crore a year ago, it said.

During the quarter under review, the company had reported provision for diminution in value of investments and advances in subsidiaries of Rs 752.65 crore.

The stock was trading 1.02 per cent higher at Rs 11.88 on the BSE.

Published on December 08, 2016
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