GMR Infrastructure jumps after turnaround Q4 results

GMR Infrastructure surged 4.65% to Rs 21.40 at 12:21 IST on BSE after the company reported consolidated net profit of Rs 579.17 crore in Q4 March 2013, as against net loss of Rs 366.16 crore in Q4 March 2012.

The company announced Q4 results during trading hours today, 31 May 2013.

Meanwhile, the S&P BSE Sensex was down 216.37 points or 1.07% at 19,999.03.

On BSE, 19.03 lakh shares were traded in the counter as against average daily volume of 10.42 lakh shares in the past one quarter.

The stock hit a high of Rs 21.90 and a low of Rs 20.20 so far during the day. The stock had hit a 52-week high of Rs 27 on 4 October 2012. The stock had hit a record low of Rs 16.75 on 29 November 2012.

The stock had underperformed the market over the past one month till 30 May 2013, gaining 0.49% compared with the Sensex's 3.65% rise. The scrip had, however, outperformed the market in past one quarter, jumping 14.25% as against Sensex's 7.18% surge.

The mid-cap company has equity capital of Rs 389.24 crore. Face value per share is Re 1.

GMR Infrastructure's consolidated total income from operations rose 21.46% to Rs 2592.52 crore in Q4 March 2013 over Q4 March 2012.

GMR Infrastructure reported consolidated net profit of Rs 88.12 crore in the year ended 31 March 2013 (FY 2013), as against net loss of Rs 603.34 crore in the year ended 31 March 2012 (FY 2012). Total income from operations rose 17.72% to Rs 9974.86 crore in FY 2013 over FY 2012.

Bengaluru-based GMR Infrastructure is a global infrastructure major with interests in airports, energy, highways and urban infrastructure sectors.

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