GMR Infra firms up after Q3 net narrows to Rs 379 cr
.jpg)
Shares of GMR Infrastructure were up over 1%, in an otherwise weak market, after net loss for the December 2015 quarter reduced to Rs 379 crore compared with Rs 638 crore in the same quarter last year because of higher operating margins from power projects.
Consolidated total income increased 29% to Rs 3,564 crore during December 2015 quarter from Rs 2,761 crore in the quarter ended December 2014.
EBITDA in the energy sector has increased by more than 7 times to Rs 580 crore for the December 2015 quarter compared with Rs 71 crore in the same quarter last year, the company said in a release.
The company's EBIDTA more than doubled to Rs 1,399 crore in the December quarter compared with Rs 671 crore in the year ago period.
The stock opened at Rs 10.70 and touched a high of Rs 10.80. At 12:10pm, over 24.8 million shares were traded on both the stock exchanges.
Other Latest News
.webp)
A total subsidy of Rs 56,993 crore is given every year by the Indian Railways to all categories of passengers, with a 46 per cent rebate on every ticket, Railway Minister Ashwini Vaishnaw said on Wednesday.
Replying to multiple questions in the Lok Sabha on restoring discounts given to various categories of train passengers, he said if the price of a ticket is Rs 100, then the railways charges just Rs 54 for it -- a discount of 46 per cent.
.webp)
Punjab Chief Minister Bhagwant Mann strongly condemned the attack on Shiromani Akali Dal leader Sukhbir Singh Badal, who was fired at while performing 'sewa' outside the Golden Temple on Wednesday morning, and directed police to investigate the incident.
The chief minister also lauded the promptness of the Punjab Police in nabbing the attacker.
.webp)
Former Delhi Chief Minister Arvind Kejriwal on Wednesday launched a scathing attack on the BJP-led central government after three members of a family were found dead at their home in the national capital.
Describing the incident as "extremely painful and frightening," the AAP convener accused the Centre of allowing criminals a free hand and failing to ensure law and order in the capital.
.webp)
BJP leader Devendra Fadnavis is all set to return as Maharashtra’s chief minister for a historic third term, following a critical consensus reached during the BJP core committee meeting on Wednesday. The decision, which ended days of suspense, cements Fadnavis’s leadership at the helm of Maharashtra’s new government.
The proposal for Fadnavis's appointment was made by former Gujarat Chief Minister Vijay Rupani, who was appointed as the party’s observer for the Maharashtra legislature meeting.
.webp)
Leaders of several INDIA bloc parties protested on the Parliament premises on Wednesday over the Adani indictment issue and called for a joint parliamentary probe into the matter.
MPs of the Congress, AAP, RJD, Shiv Sena (UBT), DMK and the Left parties, among others, raised slogans in favour of their demand and held a banner reading "Modi-Adani are one" at Parliament's Makar Dwar. The TMC kept away from the opposition protest.
.webp)
.webp)
.webp)
.webp)
.webp)
