Latest News | GVK Power Reports Rs 77 Cr Net Loss in Q3

New Delhi, Feb 14 (PTI) GVK Power and Infrastructure Ltd (GPIL) on Wednesday posted a consolidated net loss of Rs 77.39 crore during the third quarter ended December 2023, mainly due to lower income.

It had clocked a net profit of Rs 3,402.47 crore in the October-December 2022 period, the company said in an exchange filing.

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The company's total income more than halved to Rs 154.82 crore over Rs 342.79 crore a year ago.

Its expenses stood at Rs 225.97 crore against Rs 355.59 crore a year ago.

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GVK is an Indian conglomerate with diversified interests across various sectors, including energy, airports, transportation, hospitality and life sciences.

(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)