GMR Hosur EMC becomes subsidiary company of GMR Infrastructure

15 Nov 2013 Evaluate

GMR Hosur EMC has become a subsidiary company of GMR Infrastructure in accordance with the provisions of the Companies Act, 2013.

The company has reported a net loss of Rs 28.99 crore for the second quarter ended September 30, 2013 as compared to a net loss of Rs 23.48 crore for the same quarter in the previous year. Total income of the company has decreased by 52.07% at Rs 164.19 crore for quarter under review as compared to Rs 342.60 crore for the quarter ended September 30, 2012.

On the consolidated basis, the group has reported a net loss of Rs 393.05 crore for the quarter as compared to a net loss of Rs 179.30 crore for the same quarter in the previous year. However, total income of the group has increased by 0.85% at Rs 2500.34 crore for quarter under review as compared to Rs 2479.12 crore for the quarter ended September 30, 2012.

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