The company's net loss in the year-ago quarter was at Rs 105.59 crore, it said in a regulatory filing today.
The company saw its expenses rising to Rs 223.50 crore from Rs 119.64 crore in the three-month period a year ago.
However, its total income increased to Rs 25.85 crore for the January-March quarter from Rs 17.25 crore for the same period a year ago.
GVK is an Indian conglomerate with presence across energy, resources, airports, transportation, hospitality and life sciences sectors.
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