Business Standard

GVK Power dips on weak Q4 earnings

Declines 17% in two-days on Rs 21-cr loss in Q4 v/s Rs 35-cr profit

Related News

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.

Read more on:   
|
|

Read More

Agri Min proposes Rs 170/quintal hike in paddy MSP

In view of rising farm input costs, the Agriculture Ministry has proposed a Rs 170 per quintal increase in the minimum support price (MSP) of paddy ...

Quick Links

Market News

Nifty ends at record closing high ahead of Jan F&O expiry

The 30-share Sensex lost 12 points to end at 29,559 and the 50-share Nifty climbed 4 points to close at 8,914.

Markets snap 8-day winning streak

Provisionally, the 30-share Sensex lost 39 points to end at 29,523 and the 50-share Nifty shed 3 points to close at 8,893.

Redington rebounds as company to benefit from Apple's strategy

The stock is trading 3% lower at Rs 129, bouncing back 21% from intra-day low of Rs 107 on BSE.

Commexes' turnover drops 43% till Jan 15 of this fiscal

These exchanges had made a business of Rs 85.28 lakh crore between April and January 15 of the last financial year

Ajanta Pharma zooms on robust Q3 results; stock split plan

The stock surged 14% to Rs 2,720, hit a record high of Rs 2,749 on BSE in intra-day trade.

 

Back to Top