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GMR Infra Bottom Line Comes Down To Rs 723 Crore In January-March Quarter

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GMR Infra Q4 Outcomes: GMR Infra reported a bottom line of Rs 723 crore in March quarterGMR Infrastructure reported a bottom line of Rs 725 crore for the January-March quarter of fiscal 2020-2021, compared to a loss of Rs 1126.82 crore on a combined basis in the corresponding duration of the previous financial year.

The business's gross income stood at Rs 2,321 crore in the March quarter of fiscal 2021, compared to Rs 2,349 crore in the year-ago period, according to a regulatory filing by the firm to the stock exchanges.In the whole monetary year 2020-21, GMR Infra reported a higher overall loss of Rs 3,428 crore and lower earnings at Rs 6,229 crore, compared to a loss of Rs 2,198 crore and profits of Rs 8,556 crore in financial 2019-2020.

GMR Infra's total earnings on a consolidated basis throughout the March quarter dropped partially to Rs 2,519.25 crore, compared to Rs 2,554.31 crore in the same quarter of the previous fiscal.In its statement, GMR Infra said that it is carrying out different efforts consisting of the sale of stake in particular assets, monetisation of possessions, raising financial resources from financial institutions in addition to tactical investors, refinancing of existing financial obligation, and other such strategic initiatives, in order to address the repayment of loanings and debt.The GMR group is one of the largest infrastructure development business in the country and owns and develops different airports, energy utilities, and other urban infrastructure facilities.

According to the company, February 2021 was the best month after the very first wave of COVID-19, when the passenger traffic reached 60 per cent of pre-Covid levels at the Delhi airport and 64 per cent at the Hyderabad airport.On Friday, June 18, shares of GMR Infrastructure settled 2.09 percent lower at Rs 28.15 each on the BSE.

GMR Infra opened on the BSE at Rs 29.20, inching to an intra day high of Rs 29.20 and an intra day low of Rs 27.40, throughout the trading session on Friday.




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