GMR Industries Q1 loss at Rs 8 cr; Sankara Rao appointed ED
GMR Industries, the agri-business division of the GMR Group, today reported a net loss of Rs 8.03 crore for the first quarter ended June 30, while it had a net profit of Rs 4.36 lakh in the corresponding period a year ago.
However, total income of the company rose to Rs 47.55 crore in the latest quarter of the current financial year (2009-10) from Rs 26.21 crore of the same period last year, GMR Industries said in a filing to the Bombay Stock Exchange (BSE).
In a separate filing to the exchange, GMR Industries said that A Sankara Rao has been appointed its Executive Director with effect from August 1.
"The board of directors has appointed A Sankara Rao as Executive Director with effect from August 1 for a period of three years," it said.
Shares of GMR Industries were trading at Rs 87.80, down 0.96 per cent in the morning trade on the BSE.