GMR Infrastructure reports net loss of Rs 123.06 crore in Q1

GMR Infrastructure has reported results for first quarter ended June 30, 2016.

The company has reported a net loss of Rs 123.06 crore for the quarter ended June 30, 2016 as compared to a net loss of Rs 1.33 crore for the same quarter in the previous year. However, total income of the company increased by 36% at Rs 366.39 crore for quarter under review as compared to Rs 269.41 crore for the quarter ended June 30, 2015.

GMR Infrastructure is an infrastructure holding company of GMR Group. It undertakes the development of the infrastructure projects including airports, energy, highways, urban infrastructure other projects through its various subsidiaries.