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GVK Power & Infrastructure Ltd has posted a net loss of Rs 407.70 crore for the quarter ended March 31, 2016 against a net loss of Rs 108.66 crore in the corresponding quarter ended March 31, 2015 on a consolidated basis.
Total income has increased from Rs 865.55 crore for the quarter ended March 31, 2015 to Rs 1,126 crore for quarter ended March 31, 2016.
The Group has posted a net loss after taxes, minority interest and share of profit of associates of Rs 934.18 crore for the year ended March 31, 2016 against Rs 834.68 crore for the year ended March 31, 2015.
Total income has increased from Rs 3,136.30 crore for the year ended March 31, 2015 to Rs 4,298.47 crore or the year ended March 31, 2016.
Interest commitments and poor fuel supplies for power plants have impacted the financial performance of the company. While airports performed well, the power sector dragged it down.
GVK scrip ended at Rs 6.03, down 2.7 per cent on the BSE.
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