GMR Infrastructure has turned profitable in the March quarter on one-time gain of Rs 1231 crore from sale of subsidiary. The firm has reported Rs 579 crore profit in Q4 versus Rs 366 crore loss year-on-year.
Sales climbed over 22 percent year-on-year to Rs 2571.07 crore on improved performance from airport division. The firm's aviation vertical which runs Delhi and Hyderabad airports reported Rs 552 crore profit against Rs 7 crore loss after the firm raised tariff at Delhi airport. The vertical's revenues also climbed 50 percent to Rs 1731 crore.
31/05/13 moneycontrol.com
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Sales climbed over 22 percent year-on-year to Rs 2571.07 crore on improved performance from airport division. The firm's aviation vertical which runs Delhi and Hyderabad airports reported Rs 552 crore profit against Rs 7 crore loss after the firm raised tariff at Delhi airport. The vertical's revenues also climbed 50 percent to Rs 1731 crore.
31/05/13 moneycontrol.com
