GMR Infra jumps after declaring Q2 result

GMR Infrastructure advanced 9.18% to Rs 12.97 at 11:59 IST on BSE after the company reported consolidated net loss of Rs 398.67 crore in Q2 September 2015, lower than net loss of Rs 609.86 crore in Q2 September 2014.

The result was announced on Saturday, 14 November 2015.

Meanwhile, the S&P BSE Sensex was up 44.49 points or 0.23% at 25,670.49

On BSE, so far 16.31 lakh shares were traded in the counter as against average daily volume of 12.98 lakh shares in the past one quarter.

The stock hit a high of Rs 12.97 and low of Rs 12.15 so far during the day. The stock had hit 52-week high of Rs 20.50 on 19 November 2014. 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 13 September 2015, falling 12.58% compared with 4.6% fall in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 7.55% as against Sensex's 7.04% decline.

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

GMR Infrastructure's consolidated total income rose 14.4% to Rs 3184.11 crore in Q2 September 2015 over Q2 September 2014.

GMR Infrastructure's earnings before interest, taxation, depreciation and amortization (EBITDA) improved by 52% to Rs 900 crore in Q2 September 2015 over Q2 September 2014. The company reported cash profit of Rs 134 crore in Q2 September 2015 as compared to loss of Rs 206 crore in Q2 September 2014.

GMR Group is a leading global infrastructure conglomerate with interests in Airport, Energy, Transportation and Urban Infrastructure. The group has fifteen power generation projects of which ten are operational and five are under development; nine operating road assets and a double rail track line between Mughalsarai-New Bhaupur (Kanpur) of Eastern Dedicated Freight Corridor under development.

Powered by Capital Market - Live News