New Delhi: GMR Infrastructure today reported narrowing of its consolidated net loss to Rs 379.38 crore for the December quarter on the back of resolution of regulatory bottlenecks and better operating margins from power plants.
The company's consolidated net loss after tax, minority interest and shares of loss of associates in the corresponding quarter in the previous fiscal was Rs 638.33 crore, it said in a BSE filing.
Consolidated total income from operations rose to Rs 3,564.25 crore during the quarter from Rs 2,761.30 crore in the year-ago period.
"Resolution of regulatory bottlenecks, better operating margins from power plants and robust traffic growth in airports have contributed to reduction in losses," the company said in a statement.
11/02/16 Business Standard
To Read the News in full at Source, Click the Headline
The company's consolidated net loss after tax, minority interest and shares of loss of associates in the corresponding quarter in the previous fiscal was Rs 638.33 crore, it said in a BSE filing.
Consolidated total income from operations rose to Rs 3,564.25 crore during the quarter from Rs 2,761.30 crore in the year-ago period.
"Resolution of regulatory bottlenecks, better operating margins from power plants and robust traffic growth in airports have contributed to reduction in losses," the company said in a statement.
11/02/16 Business Standard
