GVK Power & Infra pares Q3 loss to ₹96 crore

GVK Power & Infrastructure Limited has posted a loss of ₹96.13 crore for the third quarter ended December 31, 2019 as against a loss of ₹101.04 crore for the corresponding quarter of last fiscal on a consolidated basis.

The Hyderabad-based diversified infrastructure company registered total income of ₹1,156.15 crore for the third quarter as against ₹1,109.28 crore for the corresponding quarter last year.

For the nine months ended December 2019, the company posted a loss of ₹387.92 crore and income of ₹3,257.43 crore as against a loss of ₹265.89 crore and income of ₹3,275.64 crore for the corresponding nine months of previous financial year.

Last fiscal ended March 31, 2019, the company had registered a loss of ₹306.83 crore and revenues of ₹4,363.10 crore.