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GMR Infra net loss narrows to Rs 276 cr in Q2

Press Trust of India/New Delhi 15 Nov 17 | 12:46 PM

GMR Infra

GMR Infrastructure's standalone net loss for the September quarter narrowed to Rs 276.41 crore due to a fall in provision for diminution in value of investments and advances.

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The company had reported a net loss of Rs 700.34 crore in the year-ago period.

Its total revenue declined to Rs 206 crore as against over Rs 331.22 crore a year ago, GMR Infrastructure said in a BSE filing today.

During the quarter under review, the company reported a provision for diminution in value of investments and advances at Rs 179.92 crore as against Rs 752.65 crore in the same quarter a year before.

The stock was trading 5.04 per cent lower at Rs 16.95 on the BSE.

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