GVK registers consolidated total income of Rs. 791.92 in Q3
GVKPIL registered a consolidated total income from operations of Rs 791.92 Crore for the quarter ended Dec 31, 2014, as against Rs. 735.09 Crore during the corresponding quarter of the previous year.
GVKPIL’s consolidated net loss for the quarter ended Dec 31, 2014 is Rs. 209.12 Crore as against a net loss of Rs. 45.43 Crore in the corresponding quarter of the previous year. The loss during the quarter was attributable mainly due to stoppage of supply of gas for two power plants and reduced supply to one plant as a result of which the plants operated at very low capacity.
The interest cost on the borrowing for the acquisition of stake in Mumbai and Bangalore Airport also has an impact on the consolidated profit.
GVK's MIAL-Mumbai International Airport Private Limited recorded revenue of Rs. 601.86 Crore for the quarter ended Dec 31, 2014 as against that of Rs. 547.39 Crore for the corresponding quarter of the previous year registering an increase of 9.95%. The loss for the quarter ended Dec 31, 2014 is Rs. 34.91 Crore as against profit of Rs. 91.51 Crore in the corresponding quarter of the previous year.
BIAL – Bangalore International Airport Limited recorded revenue of Rs. 242.72 Crore for the quarter ended Dec 31, 2014 as against Rs. 162.10 Crore for the corresponding quarter of the previous year registering an increase of 49.73%. The net profit for the quarter ended Dec 31, 2014 is Rs. 10.01 Crore as against the profit of Rs. 46.59 Crore in the corresponding quarter of the previous year.
GVK Jaipur Expressway Private Limited recorded revenue of Rs. 76.57 Crore for the quarter ended Dec 31, 2014 as against Rs. 69.22 Crore for the corresponding quarter of the previous year registering an increase of 10.63 % in the revenue in the quarter. Net Profit for the quarter ended Dec 31, 2014 is Rs. 16.78 Crore as against Rs. 15.72 Crore in the corresponding quarter of the previous year registering an increase of 6.78 %. Traffic increased by 7.26% over the same period.
The three gas based projects i.e. 464 MW GVK Gautami Power Limited and 235 MW Phase I & 220 MW Phase II projects of GVK Industries Limited have recorded revenue of Rs. 80.17 Crore for the quarter ended Dec 31, 2014 as against Rs. 97.66 Crore for the corresponding quarter of the previous year. This reduction is mainly due to stoppage of Gas supply from KG basin to two gas plants and temporary stoppage of gas supply to one plant.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
