GMR Infra Q3 net loss widens to Rs 638.33 cr

GMR Infrastructure today reported a consolidated net loss of Rs 638.33 crore for the third quarter ended on December 31 due to higher finance cost.
The company had posted a net loss of Rs 441.09 crore in the year ago period.
Income from operations during October-December quarter of the current financial year rose to Rs 2,761.39 crore from Rs 2,638.35 crore in the corresponding period of the last fiscal, it said in a BSE filing.
Finance cost jumped to Rs 927.56 crore in the third quarter of current financial year from Rs 759.93 crore in the year ago period
During the quarter, the GMR Male International Airport Limited (GMIAL) submits claims for USD 803 million for loss caused due to wrongful repudiation of the concession agreement for Male International Airport, the company said in a statement

The company has interests in Airports, Energy,Highways and Urban Infrastructure sectors. It has 15 Power generation plants of which 8 are operational and 7 are under various stages of development.