Published on 15/11/2017 11:55:09 AM | Source: Dion Global Solutions Ltd

GMR Infrastructure posts Q2 net loss of Rs 276.41 cr

The company reported standalone net loss during the quarter stood at Rs 276.41 crore as compared to net loss of Rs 700.34 crore in the previous year quarter. Net revenue of the company rose substantially by 79.45 per cent at Rs 111.67 crore in July-September quarter of this fiscal as against Rs 62.23 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 48.67 per cent to Rs 115.16 crore from Rs 77.46 crore in year ago period.

Other Income grew by 733.33 per cent at Rs 5.00 crore versus (Sep'16 Rs 0.60 crore). Operating Profit slipped by 66.09 per cent to Rs 85.84 crore as against Rs 253.16 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 81.10 per cent in September quarter. Interest grew by 4.35 per cent y-o-y to Rs 182.96 crore, while Taxation decreased by 99.91 per cent at Rs 0.02 crore (Sep'16 Rs 22.03 crore).