The Q1 loss of GMR Infra is extended to 334.85 rupees

Hyderabad, August 14 () GMR Infrastructure reported a rupee loss of 334.85 rupees on a consolidated basis for the quarter ending June 30, compared to a rupee loss of Rs 237.63 during the same quarter last fiscal year, he said The company in a presentation to the markets on Wednesday.

Total consolidated income was Rs 2,205.91 million during the quarter under review, compared to Rs 1867.24 million in the same quarter of the previous year, he said.

The GMR airport division reported rupee income of Rs 1,441,60 and Rs 457.67 in the first quarter of the current fiscal year. He earned an income of Rs 1,246.77 rupees and a gain of Rs 276.55 rupees in the same period last year.

Traffic at Delhi airport decreased by 10 percent, year over year, to 15.7 million in Q1FY20, from 17.6 million in Q1FY19 due to the interruption of Jet Airways operations. However, the airport generated a cash gain of Rs 186 crore in the first quarter, compared to a cash loss of Rs 30 crore in Q1FY19, he said.

Traffic from Hyderabad airport grew 8% in the quarter from April to June to 5.5 million in Q1FY20, from 5.2 million in Q1FY19 despite the fact that Jet Airways suspended operations.

Mactan Cebu airport in the Philippines generated a cash gain of Rs 47 million in the first quarter of fiscal year 20, compared to Rs 43 million in the same quarter of fiscal year 2018. The Board of Directors of the company at its meeting on August 8 approved the proposal to raise funds of up to Rs 2,500 million in one or more tranches, through the issuance of related shares or instruments, obligations or any other securities according to the requirements of the applicable laws and also Rs 229.70 million rupees through the issuance of four optionally convertible bonds (OCD) of nominal value of Rs 57,41,97,685, according to a separate document from the company. GDK SOM SOM

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