GMR Infra soars over 13% post Q2 numbers

Shares of GMR Infrastructure today advanced by over 13 per cent as the company's consolidated net loss in July-September quarter narrowed to Rs 398.67 crore.
Reacting to this, scrip of the company gained sharply and during the day had jumped 14.05 per cent to touch an intra-day high of Rs 13.55 on the BSE. The stock however lost some ground and at the end of today's trading session it stood at Rs 13.44, higher by 13.13 per cent on the BSE.
Similar movement was seen on the NSE as well, where the stock surged 14.28 per cent to touch an intra-day high of Rs 13.60. At the close of today's trading session the stock closed at Rs 13.40, higher by 12.60 per cent.

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.
"Better operating margins from power plants and robust traffic growth in airports have contributed to reduction in losses (from ordinary activities after tax but before minority interest and share of loss from associates) to Rs 375 crore in Q2FY16", the company said.
The consolidated sales increased to Rs 3,070.75 crore from Rs 2,636.03 crore in the year-ago period.

The uptick in the counter assumes significance as the broader market, the BSE Sensex today settled for the day at 25,760.10, higher by 149.57 points of 0.58 per cent.