GMR Infrastructre Q2 Net Loss Swells To Rs 700 Crore

New Delhi: GMR Infrastructure today reported that its standalone net loss for the September quarter widened to Rs 700.34 crore due to provision for diminution in value of investments and advances in subsidiaries.

The company had reported a net loss of Rs 7.41 crore in the year-ago period. Its total income from operations rose to Rs 331.22 crore as against over Rs 292.6 crore a year ago, it said. During the quarter under review, the company reported provision for diminution in value of investments and advances in subsidiaries of Rs 752.65 crore.

The stock was trading 1.02 per cent higher at Rs 11.88 on BSE

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