Q1 results: GVK Power posts loss of Rs 132 crore
GVK Power & Infrastructure Limited has posted a of Rs 132.78 crore for the first quarter ended June 30, 2019 as against a loss of Rs 54.29 crore on a consolidated basis.
The Hyderabad-based infrastructure logged in total revenue of Rs 1042.12 crore as against Rs 1106.33 crore for the corresponding quarter of previous fiscal.
In FY19, the company had closed with a total loss of Rs 306.83 crore and total revenues of Rs 4363.10 crore.
It also has receivables aggregating to Rs 760.97 crore. The company also provided guarantees for loans amounting to Rs 7804.62 crore taken by GVK Coal as on June 2019.
GVK Power and Infrastructure Limited will provide financial assistance of $ 7.61 million, to an entity whose current liabilities exceeds $2 billion.
