GMR Infra posts Q3 loss of Rs 22 crore

BANGALORE: GMR Infrastructure reported a net loss of Rs 22.25 crore in the third quarter as interest costs rose and the company took charges for commissioning a new terminal building at the Delhi airport .

“The Delhi airport has dragged down our profit. Operating margins for Delhi airport may improve to over 40% once the regulator decides tariff structure in the next six months,” said GMR Group CFO A Subbarao.

Consolidated Ebitda margins fell to 28% from 32% a year ago. The company’s net sales for the last quarter was up 27% to Rs 1,359.8 crore, due to improvement in traffic and increase in revenue from airport business in the third quarter of the current fiscal.