Companies

GMR Infra posts Rs 326.03-crore loss in first quarter

Our Bureau Bangalore | Updated on March 12, 2018 Published on August 14, 2013

The GMR headquarters in Bangalore. Photo: G.R.N. Somashekar

GMR Infrastructure Ltd loss has widened in the first quarter to Rs 326.03 crore compared with the corresponding quarter loss of Rs 94.30 crore last year.

The revenues of the company in Q1 grew 1.29 per cent to Rs 2,635.01 crore as compared to Rs 2601.45 crore in the same period last year. EPS stood at (Rs 0.84) as compared to (Rs 0.24 recorded last year).

As for the segment revenues, Airports is Rs 1,394.58 crore (last year Rs 1,323.31 crore), power Rs 932.20 crore (Rs 746.28 crore), roads Rs 164.70 crore (Rs 105.10 crore), EPC Rs 170.89 crore (Rs 489.25 crore) and others Rs 169.41 crore (Rs 136.17 crore).

Commenting on the company’s performance in Q1, G.M. Rao, Group Chairman, said: “The regulatory scenario at both our airports at Delhi and Hyderabad is now stable and both are contributing positively to the cash flows, with international traffic picking up both at DIAL and GHIAL. We have already filed the tariff application for Hyderabad airport.”

“While the gas based plants are still affected by lack of gas supply, the coal uncertainty has to some extent got mitigated through the CCEA directive and the coal based plants are being stabilized. We have signed the FSA for EMCO’s Warora Plant, and operation with linkage coal has commenced,” he added.

>anil.u@thehindu.co.in

Published on August 14, 2013
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