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Business EconomyPosted at: May 20 2016 8:37PM


GVKPIL total income up by 37 per cent during 2015-16

Hyderabad, May 20 (UNI): GVK Power & Infrastructure Limited (GVKPIL)
today announced its audited consolidated financial results for the
year ended March 31, 2016, after the company's results were recorded by the Board of Directors in its meeting held today.
The company registered a consolidated total income from operations
of Rs. 4,164.47 crore for the year ended March 31, 2016, as against
Rs. 3,049.65 crore during the corresponding period of the previous
year, recording an increase of 37 per cent.
EBIDTA in its consolidated level for the year stood at Rs.
1,815.52 crore, as against Rs. 1,143.48 crore in the previous year.
EBIDTA margin at consolidated level improved to 44 per cent, as
compared to 37 per cent in the previous year.
GVKPIL’s consolidated net loss for the year ended March 31, 2016 is
Rs. 934.18 crore, as against a net loss of Rs.834.68 crore in the
previous year.
The losses during the year are attributable mainly to the
restricted supply of gas for power plants, as a result of which, the
plants did not operate at full capacity, one-time loss on write-off of
investment in Oil & Gas, Road and other projects amounting to Rs 162
crore and higher finance cost.
For the Quarter, GVKPIL registered a consolidated total income from
operations of Rs. 1,081.16 crore for the quarter ended March 31, 2016,
as against Rs. 846.30 crore during the corresponding quarter of the
previous year, recording an increase of 27.75 per cent.
EBIDTA at a consolidated level for the year stood at Rs. 531.94 crore, as against
Rs. 350.76 crore in the previous year, recording an increase of 51.65
per cent. EBIDTA margin at consolidated level improved to 49.20 per
cent, as compared to 41.45 per cent in the previous year.
UNI VV KVV AK 2035
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Tags: #GVKPIL total income up by 37 per cent during 2015-16
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