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GMR Infrastructure announces lower Q2 loss of Rs.97 Lacs
Posted On : 2006-10-26 01:51:11( TIMEZONE : IST )
GMR Infrastructure Ltd has announced the following Unaudited results for the quarter ended September 30, 2006:
The Company has posted a net loss after tax of Rs 9.70 million for the quarter ended September 30, 2006 where as the same at Rs 14.90 million for the quarter ended September 30, 2005. Total Income is Rs 46.90 million for the quarter ended September 30, 2006 where as the same was at Rs 54.60 million for the quarter ended September 30, 2005.
The Consolidated results are as follows:
The Group has posted a net profit after Minority interest of Rs 256.20 million for the quarter ended September 30, 2006 where as the same at Rs 166.50 million for the quarter ended September 30, 2005. Total Income is Rs 3210.70 million for the quarter ended September 30, 2006 where as the same was at Rs 2243.10 million for the quarter ended September 30, 2005.
During the period ended September 30, 2006, the Company has acquired 99.99% of the equity share capital of GVL Investments Pvt Ltd (GVL). Consequently, GVL, Delhi International Airport Pvt Ltd and Gateways for India Airports Pvt Ltd have become subsidiaries of the Company. Hence, the consolidated results for the current period are not fully comparable with those of the corresponding period of the previous year.
