GVK Power& Infrastructure Ltd posts profit at Rs 23.1 crore in Q4

GVK Power& Infrastructure Ltd posts profit at Rs 23.1 crore in Q4
25/05/2018 , by , in News/Views

Against a loss of ₹205.85 crore for the corresponding quarter in the previous financial year on a standalone basis, GVK Power & Infrastructure Ltd has posted a profit of ₹23.14 crore for the fourth quarter ended March 31, 2018. The company posted the total revenue of ₹28.22 crore (₹25.85 crore).

The company posted a loss of ₹36.08 crore and revenue of ₹92.14 crore against a loss of ₹271 crore and revenue of ₹79.67 crore for the previous fiscal, for the financial year ended March 2018.

The company has made some investments and has receivables aggregating to ₹694.14 crore. Also the company has provided commitments for loans amounting to ₹7,520 crore taken by GVK Coal. The company officials have made a statement referring to its subsidiary GVK Energy, that there has been uncertainty regarding supplies and availability of gas to power plants to GVK Industries and GVK Power, with both making some losses.

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