NEW DELHI/HYDERABAD: GMR Infrastructure on Thursday posted a consolidated loss of Rs 2,341.25 crore in the March 2019 quarter, mainly due to impairment losses related to some power assets. The diversified group had reported a consolidated profit after tax of Rs 4.81 crore during the corresponding quarter of 2017-18.
Consolidated total income of the group stood at Rs 2,293.63 crore in the latest March quarter compared to Rs 2,234.88 crore in the year-ago period, according to a regulatory filing. 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.
