Comments
Shares of GMR Infrastructure on Monday advanced by over 13 per cent as the company’s consolidated net loss in July-September quarter narrowed to Rs 398.67 crore.
Reacting to this, scrip of the company gained sharply and during the day had jumped 14.05 per cent to touch an intra-day high of Rs 13.55 on the BSE. The stock however lost some ground and at the end of today’s trading session it stood at Rs 13.44, higher by 13.13 per cent on the BSE.
Similar movement was seen on the NSE as well, where the stock surged 14.28 per cent to touch an intra-day high of Rs 13.60. At the close of today’s trading session the stock closed at Rs 13.40, higher by 12.60 per cent.
GMR Infrastructure on Saturday said consolidated net loss in July-September quarter narrowed to Rs 398.67 crore on the back of better operating margins from power plants and robust traffic growth in airports.
The company had reported a net loss of Rs 609.86 crore in the year-ago period, it said in a regulatory filing.
“Better operating margins from power plants and robust traffic growth in airports have contributed to reduction in losses (from ordinary activities after tax but before minority interest and share of loss from associates) to Rs 375 crore in Q2FY16”, the company said.
The consolidated sales increased to Rs 3,070.75 crore from Rs 2,636.03 crore in the year-ago period.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.