Millennium Post

GMR quarterly loss widens to `179 crore

GMR Infrastructure Limited on Wednesday said its consolidated net loss widened to Rs 179 crore for the quarter ended 30 September from Rs 63 crore net loss registered during the same period a year ago.

According to a statement issued by the Group, the loss is mainly attributable to high interest cost which rose to Rs 485 crore from Rs 392 crore in the year ago period.This is second consecutive quarter the Group posted loss due to various reasons. It reported Rs 110 crore net loss during April-June quarter this fiscal. Total Income increased to Rs 2,479 crore during the quarter  from Rs 2106 crore for the quarter.   
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