Friday, Mar 29 2024 | Time 01:22 Hrs(IST)
image
Business Economy


GMR Infra Q3 net loss narrows to Rs 379.38 Crore

Mumbai, Feb 11 (UNI) GMR Infrastructure reported a consolidated net loss to Rs 379.38 crore for the quarter ended December 31, 2015 as compared to consolidated net loss of Rs 638.33 crore in the same quarter in the previous fiscal.
However consolidated total income has increased from Rs 2842.76 crore for the quarter ended December 31, 2014 to Rs 3707.74 crore or the quarter ended December 31, 2015, repersenting an increase of 30.43 percent.
''Resolution of regulatory bottlenecks, better operating margins from power plants and robust traffic growth in airports have contributed to reduction in losses,'' the company said in a statement.
The company's ebitda improved to Rs 1,399 crore in the quarter under review compared with Rs 671 crore a year ago.
"Ebitda in energy sector has increased by more than seven times to Rs 580 crore for the quarter from Rs 71 crore in the same period last fiscal," the statement said.
Ebitda in the airport sector increased by 45 per cent to Rs 648 crore as against Rs 446 crore.
GMR Group is a leading global infrastructure conglomerate wi th interests in airport, energy, transportation and urban infrastructure.
UNI JS NV AW1548
More News
India's core sector output rises to three-month high of 6 7 pc in February

India's core sector output rises to three-month high of 6 7 pc in February

28 Mar 2024 | 7:51 PM

New Delhi, Mar 28 (UNI) Driven primarily by coal, cement and crude oil production, India's core sector comprising of eight key infrastructure components grew 6.7% year-on-year in February 2024, as per data released by Ministry of Commerce and Industry on Thursday.

see more..

Honda Motorcycle & Scooter India achieves historic 6 cr domestic sales milestone

28 Mar 2024 | 7:19 PM

Mumbai, Mar 28 (UNI) Honda Motorcycle & Scooter India (HMSI) announced on Thursday that it has accomplished a historic achievement of 6 crore domestic sales in India. Honda ventured into the Indian market with its first two-wheeler, the Activa, in 2001.

see more..

28 Mar 2024 | 5:28 PM

UNI NK AKS.

see more..
Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

28 Mar 2024 | 5:16 PM

Rudrapur, Mar 28 (UNI) From power Back-up solutions to Batteries and Solar applications, Luminous Power Technologies on Thursday announced the launch of its state-of-the-art solar panel manufacturing facility here.

see more..

Kottayam-Kochi Rubber Market rates

28 Mar 2024 | 5:04 PM

Kottayam, Mar 28 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Thursday per quintal.

see more..
image