See FY12 revenue at Rs 8000cr, FY13 at Rs 12000cr: GMR

"The tariff determination process for airports' business is underway," said A Subba Rao, Group CFO of GMR Infrastructure. In an interview to CNBC-TV18, Rao said the company's losses have risen primarily because the Delhi airport tariff has not been fixed.

However, he said, once the tariff process is complete and the revised tariffs are allowed to be charged, the company is likely to make profits on a consolidated basis. "For the whole FY12, we should be closing it with revenue of around Rs 8,000 crore," he further added. Below is an edited transcript of A Subba Rao's interview to CNBC-TV18. Also watch the accompanying video. Q: You have got from the airport regulator clearance on the Airport Development Fee (ADF) issue. When will you get final clearance for actually levying the tariff and do you expect FY12 revenues to get impacted? A: The tariff determination process in underway. We expect this to happen during the course of the current financial year. Depending upon when we would be allowed to collect the tariff for example if we are allowed to collect the tariff from April 1, the revenues will go up accordingly. Q: So, do you return to profit in the current year by Q4? A: It