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

New Delhi, Nov 15 (PTI) GMR Infrastructure's standalonenet loss for the September quarter narrowed to Rs 276.41 croredue to a fall in provision fo...

New Delhi, Nov 15 (PTI) GMR Infrastructure's standalonenet loss for the September quarter narrowed to Rs 276.41 croredue to a fall in provision for diminution in value ofinvestments and advances.

The company had reported a net loss of Rs 700.34 crore inthe year-ago period.

Its total revenue declined to Rs 206 crore as againstover Rs 331.22 crore a year ago, GMR Infrastructure said in aBSE filing today.

During the quarter under review, the company reporteda provision for diminution in value of investments andadvances at Rs 179.92 crore as against Rs 752.65 crore in thesame quarter a year before.

The stock was trading 5.04 per cent lower at Rs 16.95 onthe BSE. PTI SVKARD.

This is unedited, unformatted feed from the Press Trust of India wire.

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