GMR Infra Q3 loss widens to ₹1,119 crore, Covid-hit year clips its revenues
February 12, 2021 GMR Infrastructure has posted a multifold increase in loss of ₹1,119 crore for the third quarter ended December 31, 2020 as against a loss of ₹279 crore for the corresponding quarter of the last year on a consolidated basis.
The diversified infrastructure company also took a hit in the Covid pandemic affected year with its revenues for the third quarter coming down to ₹1,481 crore (₹2,196 crore).
The company posted a loss of ₹2,702 crore for the nine months ended December 2020 as against a loss of ₹1,071 crore in the comparable previous quarter revenue was also down at ₹3,909 crore (₹6,207 crore).