Reacting to this, scrip of the company gained sharply by 11.19 per cent to Rs 13.21 at BSE.
On NSE, it surged 10.92 per cent to Rs 13.20.
GMR Infrastructure on Saturday said consolidated net loss in July-September quarter narrowed to Rs 398.67 crore on the back of better operating margins from power plants and robust traffic growth in airports.
The company had reported a net loss of Rs 609.86 crore in the year-ago period, it said in a regulatory filing.
The consolidated sales increased to Rs 3,070.75 crore from Rs 2,636.03 crore in the year-ago period.
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