GMR Infra's loss shrinks to 279 Cr in Q3

Hyderabad, Feb 13 () GMR Infrastructure Ltd'sconsolidated net loss for the quarter ended December 31narrowed to Rs 279 crore against Rs 542 crore in the October-December period, last fiscal, a filing from the company withthe bourses said on Thursday.

The consolidated gross revenues for the quarter underdiscussion was Rs 2196 crore.

It was Rs 1958 crore in Q3FY19, it said.

Revenues from the Airports segment stood at Rs 1615.2crore against Rs 1358.3 crore in the third quarter of FY19,while Power vertical garnered Rs 207.2 crore against Rs 145.7crore in Q3FY19.

Traffic at Delhi Airport grew by 6 per cent YoY to 18.7million passengers in Q3FY20 and generated cash profit of Rs143 crore.

Work for increasing the capacity from 66 million perannum to 100 million PAX by 2022 is progressing as perschedule, it said.

Traffic at Hyderabad Airport grew by 9 per cent YoY to5.9 million in Q3FY20 from 5.5 million in Q3FY19 and generatedcash profit of Rs 241 crore in Q3FY20 vis a vis RS 231 crorein Q3FY19.

Expansion work of increasing the capacity from 12 millionper annum to 34 million is progressing as per schedule, GMRsaid.

GMR Group's Airport portfolio has around 172 millionpassenger capacity in operation and under development,comprising of India's busiest Indira Gandhi InternationalAirport in New Delhi, Hyderabad's Rajiv Gandhi InternationalAirport, Mactan Cebu International Airport in partnership withMegawide in Philippines. GDKROH ROH

(This story has not been edited by Business Insider and is auto-generated from a syndicated feed we subscribe to.)

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