Saturday, November 16, 2019

GMR's Q2 loss widens to Rs 457 crore

Hyderabad: GMR Infrastructure Limited's consolidated net loss for the quarter ended September 30 widened to Rs 457 crore against Rs 334 crore in the July- September period last fiscal. The consolidated gross revenues for the quarter under discussion was Rs 2,018 crore. It was Rs 1,904 crore in Q2FY19, it said. Revenues from the Airports segment stood at Rs 1,494.
7 crore against Rs 1,315.5 crore in the second quarter of FY19, while the Power vertical garnered Rs 167.4 crore against Rs 178.2 crore in Q2FY19. Traffic at the Delhi Airport remained flat YoY at 17.3 million in Q2FY20 whereas grew by 10 per cent QoQ indicating the negative impact of Jet Airways is behind the company. The airport generated cash profit of Rs 135 crore in Q2FY20 vis a vis 88 crore in Q2FY19.
15/11/19 Hans India
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