GVK Power & Infrastructure has dipped 9% at Rs 11.65, extending its Wednesday’s 9% fall on reporting a consolidated net loss of Rs 20.88 crore during the fourth quarter ended March 31, due to poor gas supplies, high interest costs and forex exchange rate fluctuations. The company had a net profit of Rs 34.80 crore in the year ago quarter.
However, income from operation grew 45% at Rs 666 crore on year-on-year basis. The interest burden of the Hyderabad-based company has increased by almost three-times to Rs 169 crore from Rs 63 crore during the recently concluded quarter.
The trading volumes on the counter almost doubled, with a combined 20.93 million shares have already changed hands so far, against an average sub 12 million shares that were traded daily in past two weeks on both the exchanges.