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Stock Report
GMR Infrastructure announces Q3 results, net profit after tax at Rs.53.26 Crores
Posted On : 2007-01-24 11:43:51( TIMEZONE : IST )
GMR Infrastructure Ltd has announced the following Unaudited results for the quarter ended December 31, 2006:
The Company has posted a net profit after tax of Rs 5.50 million for the quarter ended December 31, 2006 where as the net loss was at Rs 80.40 million for the quarter ended December 31, 2005. Total Income is Rs 64.70 million for the quarter ended December 31, 2006 where as the same was at Rs 10.80 million for the quarter ended December 31, 2005.
The Consolidated results are as follows:
The Group has posted a net profit after Minority interest of Rs 532.60 million for the quarter ended December 31, 2006 where as the same was at Rs 357.80 million for the quarter ended December 31, 2005. Total Income is Rs 3675.60 million for the quarter ended December 31, 2006 where as the same was at Rs 2218.90 million for the quarter ended December 31, 2005.
During the nine months ended December 31, 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.
