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GMR Infrastructure’s standalone net loss has narrowed to Rs 819.53 crore for the quarter ended March 2018. The company had posted a net loss of Rs 2,478.78 crore in the corresponding period a year ago.
Total revenues in the quarter under review stood at Rs 321.29 crore compared with Rs 272.47 crore in the year-ago period, GMR Infrastructure said in a regulatory filing.
During the quarter, the company reported provision for diminution in value of investments and advances in subsidiaries of Rs 662.50 crore against a provision of Rs 2,357.68 crore made in the last quarter of 2016-17.
GMR Group has interests in airport, energy, transportation and urban infrastructure. The company stock was trading down 2.19 per cent at Rs 17.85 on the BSE.
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