GMR Infra shares tank 11% as Q4 loss widens to Rs 637 crore
Shares of GMR Airports Infrastructure tanked 11% to Rs 40.1 in Monday’s trade on BSE after the company posted a consolidated loss of Rs 637 crore in Q4 FY23 as against a loss of Rs 129 crore in the corresponding quarter last year.
It posted revenue from operations at Rs 1895 crore, up 47.6% as against Rs 1284 crore in the fourth quarter of FY22. EBITDA decreased by 49% YoY from Rs 471 crore in Q4FY22 to Rs 241 crore in Q4FY23 primarily due to the commencement of revenue share payment to AAI from April 2022. On a QoQ basis, EBITDA declined by 19% in Q3FY23.
