GMR Infra's Q2 standalone net loss narrows to Rs 276 crore

GMR Infrastructure's standalone net loss for the September quarter narrowed to Rs 276.41 crore due to a fall in provision for diminution in value of investments and advances.

Published: 15th November 2017 11:09 AM  |   Last Updated: 15th November 2017 11:09 AM   |  A+A-

Vehicles cross through an underpass constructed by GMR Infrastructure that connects to the airport in New Delhi, May 13, 2013. (File | REUTERS)

By PTI

NEW DELHI: GMR Infrastructure's standalone net loss for the September quarter narrowed to Rs 276.41 crore due to a fall in provision for diminution in value of investments and advances.

The company had reported a net loss of Rs 700.34 crore in the year-ago period. Its total revenue declined to Rs 206 crore as against over Rs 331.22 crore a year ago, GMR Infrastructure said in a BSE filing today.

During the quarter under review, the company reported a provision for diminution in value of investments and advances at Rs 179.92 crore as against Rs 752.65 crore in the same quarter a year before.

The stock was trading 5.04 per cent lower at Rs 16.95 on the BSE.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp