The total debt of the Hyderabad-based company stands at Rs 23,700 crore.
GVK's debt in Mumbai International Airport Pvt. Ltd (MIAL) currently stands at Rs 7,900 crore. MIAL is a joint venture between the GVK led consortium (74 percent) and Airports Authority of India (26 percent).
In an interview to CNBC-TV18, Isaac George, CFO, GVK said that power segment loss is around Rs 50 crore Q-o-Q.
GVK Power and Infra is keen to address fuel shortage concerns which may hurt financials in FY14.
In an interview to CNBC-TV18, Nirav Vasa of SBI Cap said that L&T is better placed compared to its peers right now. The cost of debt for L&T is the lowest in the entire industry and this is a positive thing for the company.
Isaac George, CFO of GVK Power & Infrastructure said the plant load factor (PLF) of one of the power plants in Andhra Pradesh is operating at about 60 percent due to the shortage of gas.
Shortage of fuel supply to power plants coupled with high interest burden have impacted the profits of infrastructure companies during the July-September quarter of the current fiscal.
Isaac George of GVK Power says, the company will continue to operate at lower levels of PLF. I think it will be around 40-45% and not beyond that during the Q2 also, unless and until the government takes a decision to supply LNG or RLNG to take care of the deficit in the state.
GVK Power and Infrastructure is expected to report a consolidated loss at Rs 11 crore for the fourth quarter of FY12 as against profit after tax of Rs 37 crore in a year ago period, according to CNBC-TV18 poll.
GVK Power and Infrastructure is expected to report a consolidated profit after tax (PAT) of Rs 46 crore in the second quarter of FY12, a growth of 8% as compared to Rs 43 crore in the corresponding quarter of last fiscal.
GVK Power & Infrastructure announced outstanding results on August 6th, with net profit rising 76.5% year-on-year to Rs. 58.92 crore. This was mainly due to a 25% increase in net sales to Rs. 612.31 crore in the quarter ended June 2011.
Isaac George, CFO of GVK Power & Infrastructure says the quarterly earnings from the power sector slipped because Reliance has reduced gas supply. The company is operating at 75% of plant load factors (PLFs) as against 90% for the same period last year.
GVK Power and Infra is set to report about 4% fall in its fourth quarter profit after tax of Rs 32 crore as against Rs 33 crore the same quarter of FY10 while on the quarter-on-quarter basis, profit is likely decline 25%.
Isaac George, CFO of the Hyderabad based infrastructure firm, in an interview on CNBC-TV18 said the power segment was a disappointment which impacted their profits.
GVK Power is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its profit after tax is expected to go down by 7% to Rs 43 crore from Rs 46 crore (YoY).