GMR Infrastructure reports net loss of Rs 38.52 crore in Q4

30 May 2012

GMR Infrastructure has reported results for the quarter and year ended March 31, 2012.

The company has posted a net loss of Rs 38.52 crore for the fourth quarter ended March 31, 2012 as compared to net profit of Rs 39.76 crore for the same quarter previous year. The total income has decreased by 3% to Rs 371.24 crore for the quarter under review from Rs 382.75 crore for the corresponding quarter of the previous year.

For the year ended March 31, 2012, the company’s net Profit from ordinary activities after tax rose 104.59% to Rs 120.30 crore as compared to Rs 58.80 crore for the previous year. The company’s total income has increased by 95.16% to Rs 1430.28 crore for the year from Rs 732.86 crore in the previous year.

On consolidated basis, the Group’s net loss after taxes and minority interest stood at Rs 603.34 crore for the year under review as compared to net loss of Rs 929.64 crore for the period ago. However, its total income has increased by 28.63% to Rs 8716.45 crore for the year ended March 31, 2012 from Rs 6776.56 crore in the previous year.

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