Hyderabad Aug 8 (IBNS): GVK Power & Infrastructure Limited (GVKPIL) on Wednesday announced its unaudited consolidated Financial Results for the quarter ended June 30, 2012 after its financial results were taken on record by the Board of Directors at its meeting held today.
Financial Highlights
GVK PIL registered a consolidated total income from operations of Rs. 818.55 Crores for the quarter ended June 30, 2012, as against Rs. 612.31 Crore during the corresponding quarter of the previous year recording an increase of 33.7%.
EBIDTA at a consolidated level for the quarter stood at Rs. 199.95 Crore as against Rs. 140.47 Crore in the corresponding quarter of the previous year recording an increase of 42.3%.
GVKPIL’s consolidated net loss for the quarter ended June 30, 2012 is Rs. 64.30 Crore as against a net profit of Rs. 58.92 Crore in the corresponding quarter of the previous year.
The loss during the quarter was attributable mainly to the restricted supply of gas for the power projects as a result of which the plants did not operate at full capacity, loss on account of foreign exchange fluctuations and interest cost.
Operational Highlights
Energy
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 a revenue of Rs. 433.21 Crore for the quarter ended June 30, 2012 as against Rs. 559.32 Crore for the corresponding quarter of the previous year.
Transportation
GVK Jaipur Expressway Private Limited recorded revenue of Rs. 58.51 Crore for the quarter ended June 30, 2012 as against Rs. 49.85 Crore for the corresponding quarter of the previous year registering an increase of 17.37 % in the revenue in the quarter. Traffic increased by 8 % over the same period.
Airports
MIAL - Mumbai International Airport Private Limited recorded revenue of Rs. 326.83 Crore for the quarter ended June 30, 2012 as against that of Rs. 321.06 Crore for the corresponding quarter of the previous year registering an increase of 1.8%.
BIAL - Bangalore International Airport Limited recorded revenue of Rs. 153.17 Crore for the quarter ended June 30, 2012 as against Rs. 148.66 Crore for the corresponding quarter of the previous year recording an increase of 3.3 %.
GVK is a leading Indian conglomerate with presence across energy, resources, airports, transportation, hospitality and life sciences sectors.
