GMR Infrastructure suffers ₹2,341-cr loss in Q4
GMR Infrastructure suffered ₹2,341.25 crore loss on consolidated basis during the quarter ended March 31, owing to impairment losses of some of the power assets, the infra major said in a filing with bourses on Thursday.
The company reported ₹4.81 crore profit after tax during the same quarter in FY18.
Consolidated total income stood at ₹2,293.63 crore during the quarter under discussion against ₹2,234.88 crore in the same quarter in FY18, it said.
GMR booked an impairment loss of ₹1,242.72 crore in the value of Group’s investment in GMR Energy Ltd and its subsidiaries/joint ventures , while it has accounted ₹969.58 crore as impairment loss for GMR Chhattisgarh Energy Ltd an associate of the Group, total ₹2,212.30 crore.
