New Delhi: GVK Power & Infrastructure Limited's consolidated net loss for the April-June quarter widened to Rs 281.34 crore mainly on account of rise in interest costs.
The company had reported a net loss of Rs 30.59 crore in the corresponding quarter of the previous year (2013-14).
GVK Power & Infrastructure registered a consolidated total income from operations of Rs 712.67 crore for the quarter ended June 30, 2014, as against Rs 699.52 crore during the corresponding quarter of the previous year, the company said in a statement today.
The company's interest costs during the quarter rose to Rs 320.97 crore from Rs 188.43 crore in the year-ago period.
GVK's Mumbai International Airport Private Limited (MIAL) recorded loss of Rs 244.54 crore for the quarter ended June 30, 2014 as against profit of Rs 93.56 crore in the corresponding quarter of the previous year.
13/08/14 PTI/Financial Express
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The company had reported a net loss of Rs 30.59 crore in the corresponding quarter of the previous year (2013-14).
GVK Power & Infrastructure registered a consolidated total income from operations of Rs 712.67 crore for the quarter ended June 30, 2014, as against Rs 699.52 crore during the corresponding quarter of the previous year, the company said in a statement today.
The company's interest costs during the quarter rose to Rs 320.97 crore from Rs 188.43 crore in the year-ago period.
GVK's Mumbai International Airport Private Limited (MIAL) recorded loss of Rs 244.54 crore for the quarter ended June 30, 2014 as against profit of Rs 93.56 crore in the corresponding quarter of the previous year.
13/08/14 PTI/Financial Express
