Shares of GMR Infrastructure fall 9%

Shares of GMR Infrastructure traded 9.04 per cent down in Monday 's trade. Around 3273747 shares changed hands on the counter. The stock opened at Rs 15.5 and touched an intraday high and low of Rs 16.05 and Rs 15.45 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 26.5 and a 52-week low of Rs 12.95 .

MIHAN India has annulled bidding process for Nagpur Airport, previously awarded to GMR Infra's arm GMR Airports.


Early Monday, Sensex hit lower circuit limit of 10 per cent as coronavirus scare continued to weigh on the sentiment. The 30-share Sensex plummeted 10 per cent or 2,991.85 points to 26,924. Market capitalisation of BSE-listed firms retreated to Rs 105.91 lakh crore from Rs 116.09 lakh crore.

Financials
GMR Infrastructure Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 10381.83 Crore) operating in Infrastructure sector.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 1990.76 Crore, up 11.20 % from last quarter Sales of Rs 1790.33 Crore and up 7.61 % from last year same quarter Sales of Rs 1850.00 Crore Company has reported net profit after tax of Rs -304.89 Crore in latest quarter.

GMR Infrastructure Ltd. key Products/Revenue Segments include Contract Revenue which contributed Rs 736.13 Crore to Sales Value (66.55 % of Total Sales), Interest which contributed Rs 363.54 Crore to Sales Value (32.86 % of Total Sales) and Income From Sale Of Share & Securities which contributed Rs 6.34 Crore to Sales Value (0.57 % of Total Sales)for the year ending 31-Mar-2018.

Promoters holding
Promoters held 63.59721 per cent stake in the company as of Dec 2019 . For the quarter ended Dec 2019 , the company reported a net sales of Rs 1990.76 crore and net profit of Rs -304.89 crore.

Valuation ratio
It quoted a price-to-earnings ratio of -3.03 and price to book value of 8.34 .