GMR Infrastructure Limited recently reported higher losses for the first quarter ended June 30, 2016, at Rs.123.06 crore as compared to a net loss of a meagre Rs.1.33 crore in the corresponding quarter of the previous fiscal. Losses mounted despite a rise in total income during the first quarter of FY17 at Rs.361.26 crore as against Rs.269.19 crore in the year ago period. The total expenses during the period under review shot up to Rs.80.9 crore from Rs.36.7 crore.
Contact: GVK Power
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