Latest News | GMR Airports Infra Posts Rs 546 Cr Standalone Comprehensive Loss in Q2
Get latest articles and stories on Latest News at LatestLY. GMR Airports Infrastructure on Monday posted a standalone comprehensive loss of Rs 546.14 crore in the September quarter, mainly due to higher expenses.
New Delhi, Nov 14 (PTI) GMR Airports Infrastructure on Monday posted a standalone comprehensive loss of Rs 546.14 crore in the September quarter, mainly due to higher expenses.
The company had a total comprehensive income of Rs 405.16 crore in the same period a year ago, according to a regulatory filing.
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These figures include net loss on fair valuation through other comprehensive income of equity securities.
On the standalone basis, the company's losses from continuing operations narrowed to Rs 15.60 crore in the second quarter of the current fiscal.
The loss from continuing operations stood at Rs 26.73 crore in the year-ago period.
GMR Airports Infrastructure's total income stood at Rs 26.34 crore in the quarter ended September 2022, higher than Rs 0.36 crore registered in the same period a year ago.
However, the total expenses jumped to Rs 41.94 crore in the latest quarter under review from Rs 27.09 crore in the year-ago period.
The company had demerged its non-airport business and later the name was changed to GMR Airports Infrastructure Ltd to reflect it being an airport holding company.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)