GMR Infrastructure Faced Loss Of Rs2, 478.78 Crores In March Quarter Of FY 2017

On Friday, the GMR Infrastructure Ltd reported its standalone net loss widened to Rs 2,478.78 Crores for January-March Quarter of FY-17. the company said in a filing to the BSE that the got Rs 1,787.09 crores loss on same period of2016.

Further, the total revenue is also decreased by 31.1% to Rs 272.47 crore during Q4 2016-17, its gross debts comes down to Rs 19,856 crore from Rs 37,480 crore and net debt to EDITDA for FY17 improve to 4.3 from 10.2 in Fy16.

Under quarter review, the total expense of the company raised to Rs 393.55 crore against Rs 292.05 crore in the 2016.the significant reduction of gross and net debt and its improvement of debt-of-EBITDA more than the 100%, share of the company closed at Rs 17 apiece, up 13.71% from previous class on BSE and also GMR has substantially brought down its leverage.

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