GMR Infrastructure Limited has posted a consolidated loss of ₹235 crore for the first quarter ended June 30, against a loss of ₹137 crore in the year-ago period.

Gross revenues of the diversified infrastructure company stood at ₹1,747 crore (₹2,674 crore).

For the fiscal ended March 31, the company had posted a loss of ₹1,015 crore and gross revenues of ₹8,721 crore.

The company’s board approved an enabling resolution to raise up to ₹2,500 crore in one or more tranches, and also up to ₹450 crore similarly through the issue of optionally convertible debentures. The company’s airport business continues to witness high-traffic growth with 14 per cent growth; non-aero revenues grew 20 per cent and 16 per cent at the Delhi and at Hyderabad airports respectively.

The Hyderabad airport clocked a profit of ₹185 crore (₹109 crore). It announced a dividend of 25 per cent for the quarter.

GMR also operationalised terminal-2 of the Cebu Airport in the Philippines on July 1.

Energy

GMR’s energy division registered higher plant load factor at its power plants in Kamalanga and Warora power plants. Profits at Warora went up to ₹15 crore from ₹6 crore, and Kamalanga netted ₹43 crore (₹18 crore).

The Indonesian coal mine, PT Gems, registered a profit of ₹318 crore (₹210 crore).

The Kakinada Special Economic Zone (KSEZ) has won a bid for the development of a commercial port in East Godavari district in Andhra Pradesh with a capacity of 16 million tonnes.

Providing business highlights, GMR said traffic at the Delhi airport grew 12 per cent to 17.6 million passengers during the quarter, and 24 per cent at the Hyderabad airport to 5.2 million passengers. At Cebu, passenger traffic was up 11 per cent to 2.7 million.

The GMR arm has undertaken expansion work at the Hyderabad airport to increase its capacity to 34 million passengers per annum (MPPA) from the current 12 MPPA. The expansion would be completed over 42 months.

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