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GVK Power and Infra narrows loss in Q4 to Rs 109 crore

According to a statement issued by the company, the total income increased to Rs 865.5 crore for the quarter, against Rs 716 crore a year ago.

twitter-logo PTI        Last Updated: May 16, 2015  | 15:58 IST
GVK Power and Infra narrows losses in Q4 to Rs 109 crore
According to a statement issued by the company, the total income increased to Rs 865.5 crore for the quarter, against Rs 716 crore a year ago.

GVK Power and Infrastructure on Saturday 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, 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, GVK Power's 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.

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