+
GMR Infrastructure records net consolidated loss of Rs 169.21 cr in Q2
ECONOMY & POLICY

GMR Infrastructure records net consolidated loss of Rs 169.21 cr in Q2

GMR Infrastructure Limited reported a consolidated net loss of Rs 169.21 crore during the second quarter (Q2) of FY22 on 30 September 2021.

The company told the media that it reported a consolidated net loss of Rs 750.03 crore in the same period last year. Its business segment consists of airports, roads and power.

GMR Infrastructure's total income during July-September 2021 had increased to Rs 2,135.49 crore against Rs 1,448.08 crore last year during the same period.

The company carries on with its business through various subsidiaries, joint ventures, joint operations and associates, being special purpose vehicles (SPVs) for various infrastructure projects.

The operations of the company with its joint ventures and associates were impacted by the second wave of Covid-19 pandemic, it said.

The company's management team believes that the impact was short-lived and does not anticipate any long-term impact on business prospects considering the recovery in FY22.

It said that based on its business conditions and liquidity for the next year, it expects to recover the carrying value of assets, and no material adjustments are considered in the consolidated financial results.

It added that the impact of the Covid-19 pandemic might be different from the estimated since the date of approval of the consolidated financial results, and the company will closely monitor any material change to future business conditions.

Image Source

GMR Infrastructure Limited reported a consolidated net loss of Rs 169.21 crore during the second quarter (Q2) of FY22 on 30 September 2021. The company told the media that it reported a consolidated net loss of Rs 750.03 crore in the same period last year. Its business segment consists of airports, roads and power. GMR Infrastructure's total income during July-September 2021 had increased to Rs 2,135.49 crore against Rs 1,448.08 crore last year during the same period. The company carries on with its business through various subsidiaries, joint ventures, joint operations and associates, being special purpose vehicles (SPVs) for various infrastructure projects. The operations of the company with its joint ventures and associates were impacted by the second wave of Covid-19 pandemic, it said. The company's management team believes that the impact was short-lived and does not anticipate any long-term impact on business prospects considering the recovery in FY22. It said that based on its business conditions and liquidity for the next year, it expects to recover the carrying value of assets, and no material adjustments are considered in the consolidated financial results. It added that the impact of the Covid-19 pandemic might be different from the estimated since the date of approval of the consolidated financial results, and the company will closely monitor any material change to future business conditions. Image Source

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?