GMR Infrastructure suffers Rs 2,341-cr loss in Q4 due to impairment hit
GMR Infrastructure suffered Rs 2341.25 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 Thursday.
The company reported Rs 4.81 crore profit after tax during the same quarter in FY18.
Consolidated total income stood at Rs 2293.63 crore during the quarter under discussion against Rs 2234.88 crore in the same quarter in FY18, it said.
GMR booked an impairment loss of Rs 1,242.72 crore in the value of Group’s investment in GMR Energy Ltd and its subsidiaries/joint ventures , while it has accounted Rs 969.58 crore as impairment loss for GMR Chhattisgarh Energy Ltd an associate of the Group, total Rs 2212.30 crore.
