GMR Infrastructure Q2 net down to Rs 97 lakh

Mumbai, Oct 26: GMR Infrastructure Ltd posted a net loss after tax of Rs 0.97 crore for the quarter ended September 30, 2006 where as the same at Rs 1.49 crore for the quarter ended September 30, 2005.

Announcing the results, the company said its total income is Rs 4.69 crore for the quarter ended September 30, 2006 as against Rs 5.46 crore for the quarter ended September 30, 2005.

As per the Consolidated results, the Group has posted a net profit after Minority interest of Rs 25.62 crore for the quarter ended September 30, 2006 where as the same at Rs 16.65 crore for the quarter ended September 30, 2005. Total Income is Rs 321.07 crore for the quarter ended September 30, 2006 where as the same was at Rs 224.31 crore for the quarter ended September 30, 2005.

During the period ended September 30, 2006, the Company has acquired 99.99 per cent of the equity share capital of GVL Investments Pvt Ltd (GVL).

Consequently, GVL, Delhi International Airport Pvt Ltd and Gateways for India Airports Pvt Ltd have become subsidiaries of the Company.

Hence, the consolidated results for the current period are not fully comparable with those of the corresponding period of the previous year.

UNI