Moneycontrol Bureau
GVK Power & Infrastructure's first quarter consolidated net loss reduced to Rs 124 crore from Rs 281.3 crore in the year-ago period on better operational performance and revenue growth.
Net sales or income from operations climbed 40 percent to Rs 999 crore compared to Rs 713 crore in same quarter last year, said the company in its filing to the exchange.
Consolidated operating profit stood at Rs 359 crore against loss of Rs 68.7 crore in the corresponding period of previous year as in Q1FY15, it had a loss on disposal (write off) of assets of Rs 286.8 crore.
Interest cost during the quarter jumped 28 percent year-on-year to Rs 410.9 crore while it has tax write-back of Rs 15.6 crore compared to write-back of Rs 119.5 crore during the same period.
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