GMR power records Rs 217 crore loss in Q1

11 Aug 2023 CW Team

In the June quarter, GMR Power and Urban Infra Limited disclosed a net loss of Rs 2.17 billion, marking a significant departure from the preceding year's corresponding period when they had recorded a net profit of Rs 2.01 billion. This contrast was highlighted in the company's financial statement, submitted through an official regulatory filing.

Furthermore, during the first quarter of the current fiscal year, the company's overall revenue exhibited a modest increase. The total income for this period amounted to Rs 11.90 billion, indicating a slight uptick from the figure of Rs 11.63 billion achieved in the same timeframe a year earlier.

The fluctuation in financial performance suggests a challenging economic environment or potential shifts in the company's operational landscape. The substantial shift from profit to loss within a year raises questions about the factors contributing to this change. These could encompass various elements such as market dynamics, operational expenses, strategic decisions, or broader economic conditions. It remains important for the company to thoroughly analyse these variables to determine the root causes of such a substantial financial transition, and work towards a more stable and prosperous financial future.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..