GMR Infra loses Rs 566 crore in Q3
14 Feb 2018 11:20 PM IST
New Delhi: GMR Infrastructure Wednesday reported a consolidated net loss of Rs 565.94 crore for the quarter ended December 31, 2017.
The company had clocked a net profit of Rs 643.44 crore in the corresponding quarter of 2016-17, it said. Total income from operations declined to Rs 2,295.83 crore during the quarter under review as against Rs 2,587.26 crore in the year-ago period. Total expenses declined to Rs 2,487.90 crore as against Rs 2,623.74 crore in the corresponding quarter a year ago.
GMR Group is a leading global infrastructure conglomerate with interests in airport, energy, transportation and urban infrastructure.
Its portfolio comprises Indira Gandhi International Airport, New Delhi; Rajiv Gandhi International Airport, Hyderabad; Mactan Cebu International airport in partnership with Megawide in the Philippines and the Greenfield Airport at Mopa in Goa.
The company has won the rights to develop and operate a greenfield airport at Heraklion, Crete, Greece in partnership with GEK Terna and is also developing smart cities adjacent to Delhi and Hyderabad airports.
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