GMR Infra’s Q1 net loss narrows to Rs 318 cr; expenses rise to Rs 2,331 cr
GMR Infrastructure Limited on Thursday reported a consolidated net loss of Rs 318 crore for the quarter ended June 30, 2021.
The company had clocked a net loss of Rs 834 crore in the corresponding period of 2020-21, it said in a filing to the BSE.
Total income during the June 2021 quarter stood at Rs 1,897 crore, compared with Rs 1,224 crore in the year-ago period.
The firm’s total expenses rose to Rs 2,331.28 crore as against Rs 2,197.16 crore a year ago.
Revenue from the airports segment stood at Rs 898 crore in the first quarter of the current financial year, compared to Rs 494.38 crore earlier, while the power vertical garnered Rs 446 crore against Rs 300.59 crore in Q1 FY20.
