GVK suffers Q4 net loss at Rs 109 cr

Image
Press Trust of India Hyderabad
Last Updated : May 16 2015 | 3:02 PM IST
GVK Power and Infrastructure Ltd (GVK PIL) today said its net loss for the fourth quarter of FY15 stood at Rs 109 crore against Rs 235 crore in the same quarter of 2013-14.
This is the 14th straight quarter that the city-based infra major ran up losses.
According to a statement issued by the company here, the total income increased to Rs 865.5 crore for the quarter, against Rs 716 crore a year ago.
The airport segment of the group made Rs 219 crore profit during the quarter against Rs 5.5 crore loss in the same quarter of the previous year, GVK said, adding that the income from the segment rose to Rs 663 crore in Q4 of FY15 against Rs 537 crore a year earlier.
The company currently operates two international airports in the country in Mumbai and Bangalore.
For the full year, the net loss widened to Rs 835 crore against Rs 369 crore in FY14.
Consolidated net income from operations for the whole year stood at Rs 3,050 crore against Rs 2,821 crore in 2013-14, the company said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 16 2015 | 3:02 PM IST

Next Story