GMR Airports Infrastructure Q1 Results: Losses stood at Rs 29.8 crore, while revenue grew by 40.2%

GMR Airports Infrastructure Q1 Results: Losses stood at Rs 29.8 crore, while revenue grew by 40.2%

Consolidated losses for the company's first quarter were Rs 29.8 crore as compared to Rs 137 crore from the same period last year. During the quarter, its consolidated revenue from operations increased by 40.2% YoY to Rs 2,017.6 crore.

Approval by the Board of Directors

The board of directors of the company has given approval to raise up to Rs 5,000 crore in one or more tranches through the issuance of securities, including a qualified institutions placement and/or foreign currency convertible bonds and/or any other securities, subject to shareholders approval and other regulatory and/or statutory approvals, as applicable.

The company is involved in the modernization and restructuring of airports. Through its many subsidiaries, the company develops infrastructure projects. 

Source: Media Reports