GMR Infra pares Q3 loss to ₹279 cr; airport verticals fare well

GMR Infrastructure has posted a lower loss of ₹279 crore for the third quarter ended December 31, 2019 against a loss of ₹542 crore in the corresponding quarter of the previous year.

The diversified infrastructure company logged total revenue of ₹2,196 crore for the December quarter against ₹1,958 crore on a consolidated basis.

While the company’s airport vertical logged in revenue of ₹1,615 crore in the third quarter against ₹1,358 crore for the same quarter of last fiscal, the power business logged in revenue of ₹207.2 crore against ₹145.7 crore for the same period of the previous year.