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

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

Published: 15th November 2017 11:07 AM  |   Last Updated: 15th November 2017 11:15 AM   |  A+A-

By PTI

New Delhi, Nov 15 (PTI) 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. PTI SVK ARD .

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

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