GMR Infrastructure Limited has posted a loss of Rs 892 crore for the fourth quarter ended March 31, 2015, as against a profit of Rs 1,170 crore for the corresponding quarter last year.
The diversified infrastructure company has recorded gross revenue of Rs 2,913 crore for the fourth quarter as against Rs 2,961 crore for the same period last year.
For the financial year ended March 31, 2015, the company closed with a loss of Rs 2,733 core and revenue of Rs 11,088 crore as against a profit of Rs 10 crore and revenue of Rs 10,653 crore for the previous financial year.
Providing business details, the company stated the gross revenue for FY 2015 was up 4 per cent aided by improved performance by the energy sector. There is turnaround in the energy sector on account of stabilisation of operations of the thermal power plants.
The company surpassed 40 million and 10 million passengers mark in Delhi and Hyderabad airports respectively. During the quarter, it has taken over operations of Mactan Cebu International Airport in Philippines.
It has managed to achieve fuel security for 3000 MW of coal-based power plants by winning two mines for Chhattisgargh plant of 1370 MW. It has also tied up gas for Vemagiri plant of 370 mw, and Rajahmundry one unit of 384 MW for 25 per cent plant load factor.
Apart from winning a Rs 5,081 crore EPC contract from Dedicated Freight Corridor Corporation project, it raised Rs 2,879 crore through Qualified Institutional Placement and rights issue, aimed at meeting the debt service obligations.
In the energy sector, the company expects a better year ahead with fuel supplies secured.
During the year, the company completed works for Chennai outer Ring road and Hungund Hospet Toll road projects and revenue of three toll projects increased during the year.