GMR Infrastructure Q2 standalone net loss narrows to Rs. 276 crore
GMR Infrastructure Ltd’s standalone net loss for the September quarter narrowed to Rs. 276.41 crore due to a fall in provision for diminution in value of investments and advances.
The company had reported a net loss of Rs. 700.34 crore in the year-ago period. Its total revenue declined to Rs. 206 crore as against over Rs. 331.22 crore a year ago, GMR Infrastructure said in a BSE filing on Wednesday.
During the quarter under review, the company reported a provision for diminution in value of investments and advances at Rs. 179.92 crore as against Rs. 752.65 crore in the same quarter a year before.