Business & Investment

GMR Infrastructure Fourth Quarter Results: Net Loss Reduced to Rs 723

New Delhi: Reported the narrowing on Friday Consolidation loss The quarterly rupee ended March 31, 2021 was 723.36 rupees.

The company has been integrated Loss after tax GMR Infrastructure said in a BSE filing that it recorded Rs 1,126.82 a year ago at the same time.

Its integration Total income During the period from January to March, it fell slightly from 2,554.31 rupees a year ago to 2,519.25 rupees.

“This group is mainly about energy loss Highway sector… as a result, it affected net worth, delayed debt and interest services, and lowered the credit rating of some borrowings. ”

Management said it is taking various initiatives, including monetization Assets, Selling shares in certain assets, financing from financial institutions and strategic investors, refinancing existing debt, and other strategic initiatives to deal with debt and debt repayment.

This group includes energy, highways, and DFCC Accompanied by the significant value of the claim. Management is optimistic about such favorable orders and believes that such claims will further improve cash flow and profitability, he added.

After the outbreak of COVID-19 in March 2020 last year, many countries have implemented travel restrictions and quarantine measures.

As a quarantine measure, we implemented a nationwide blockade from March 25, 2020 to June 30, 2020, but from May 25, 2020, domestic flight restrictions were lifted.

The group has a majority of subsidiaries, joint ventures, and affiliates operating in sectors such as airports, energy, and highways, and management has a pandemic regarding the impact of COVID-19 on the operations of these entities. We believe that it may affect our business in the short term. No medium- to long-term risks to the business outlook are predicted.

“Given the business plans of the investee companies, management does not expect to have a significant impact on the aforementioned investments, real estate plants and equipment, intangible assets, ongoing capital operations, and book value of accounts receivable. “Hmm,” the statement said.

GMR Infrastructure Fourth Quarter Results: Net Loss Reduced to Rs 723

https://economictimes.indiatimes.com/markets/stocks/earnings/gmr-infrastructure-q4-results-net-loss-narrows-to-rs-723-crore/articleshow/83645258.cms GMR Infrastructure Fourth Quarter Results: Net Loss Reduced to Rs 723

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