Wednesday, November 15, 2017

GMR's consolidated loss narrows to Rs 404 crore for Q2

Hyderabad: GMR Infrastructure Limited today said it suffered a loss of Rs 404.46 crore on consolidated basis for the quarter ended September 30, as against Rs 893.37 crore loss during the corresponding quarter last year.
According to a statement issued by the infra major, its total revenue for the quarter under discussion was down nearly 13 per cent to Rs 1,974 crore as compared to Rs 2,264 crore for the second quarter in FY17.
The airports segment reported a profit of Rs 282 crore during the quarter while the power vertical suffered a loss of Rs 219 crore.
The group operates two international airports in India and one in Philippines.
The traffic at Delhi Airport increased to 31.16 million during the first half of the year from 27.66 million during the same period of FY17, showing growth of 13 per cent, as per the statement.
Besides, the traffic at Hyderabad Airport registered 18 per cent growth to 8.50 million in the first six months of the current financial year.
The passenger traffic at Cebu Airport in Philippines increased to 5.13 million during H1FY18 from 4.51 million in H1FY17 (a growth of 14 per cent), it said.
15/11/17 PTI/Times of India