GMR INFRA NARROWS Q4 NET LOSS TO ₹819 CR

NEW DELHI: GMR Infrastructure on Thursday reported narrowing of its standalone net loss to ₹819.53 crore for the quarter ended March 2018.

The company had posted a net loss of ₹2,478.78 crore in the corresponding period a year ago.

Total revenue in the quarter under review stood at ₹321.29 crore as compared to ₹272.47 crore in the year-ago period, GMR Infrastructure said in a regulatory filing.

During the quarter, the company reported provision for diminution in value of investments and advances in subsidiaries of ₹662.50 crore as against a provision of ₹2,357.68 crore made in the last quarter of 2016-17.