GVK Power Q3 Result: Reports Rs 77 crore net loss

It had clocked a net profit of Rs 3,402.47 crore in the October-December 2022 period, the company said in an exchange filing.

GVK Power Q3 Result: Reports Rs 77 crore net loss
GVK Power and Infrastructure Ltd (GPIL), image credit: ANI

GVK Power Q3 Result: GVK Power and Infrastructure Ltd (GPIL) on Wednesday posted a consolidated net loss of Rs 77.39 crore during the third quarter ended December 2023, mainly due to lower income.

It had clocked a net profit of Rs 3,402.47 crore in the October-December 2022 period, the company said in an exchange filing.

The company's total income more than halved to Rs 154.82 crore over Rs 342.79 crore a year ago.

Its expenses stood at Rs 225.97 crore against Rs 355.59 crore a year ago.

GVK is an Indian conglomerate with diversified interests across various sectors, including energy, airports, transportation, hospitality and life sciences.

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Written By: PTI
Updated: Wed, Feb 14, 2024
08:04 PM IST
PTI
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