GMR Infra declines as net loss widens in Q4

GMR Infrastructure declined 2.78% to Rs 11.18 at 12:55 IST on BSE after the company reported consolidated net loss of Rs 953.50 crore in Q4 March 2016 compared with consolidated net loss of Rs 891.90 crore in Q4 March 2015.

The result was announced before market hours today, 31 May 2016.

Meanwhile, the S&P BSE Sensex was down 59.42 points or 0.22% at 26,666.18.

On BSE, so far 12.35 lakh shares were traded in the counter as against average daily volume of 14.27 lakh shares in the past one quarter. The stock hit a high of Rs 11.44 and a low of Rs 10.89 so far during the day. The stock had hit a 52-week high of Rs 10.89 on 3 December 2015. The stock had hit a record low of Rs 9.58 on 4 September 2015. The stock had underperformed the market over the past one month till 30 May 2016, sliding 8.8% compared with Sensex's 4.37% gains. The scrip had also underperformed the market in past one quarter, gaining 5.22% as against Sensex's 16.19% gains.

The mid-cap company has equity capital of Rs 603.59 crore. Face value per share is Rs 1.

GMR Infrastructure's total income rose 27.64% to Rs 3826.37 crore in Q4 March 2016 over Q4 March 2015. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) margin rose to 36% in Q4 March 2016 from 29% in Q4 March 2015.

GMR Group is a leading global infrastructure conglomerate with interests in airports, energy, transportation and urban infrastructure.

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