GMR Airports Infra shares gain after Q3 earnings

Shares of GMR Airports Infrastructure gained over 1 per cent in morning trade on Wednesday after the firm reported a PAT of Rs 104.82 crore for December quarter 2022-23.

The scrip of the firm rose 1.31 per cent to Rs 38.65 on both BSE and NSE.

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Meanwhile, the 30-share BSE Sensex was trading 71.09 points or 0.12 per cent higher at 61,103.35 in morning trade.

On Tuesday, GMR Airports Infrastructure reported a consolidated profit after tax (PAT) of Rs 104.82 crore for December quarter, against a loss of Rs 515.34 crore in the year-ago period.

Revenue from operations during the quarter under review was Rs 1,766.36 crore as against Rs 1,364.13 crore a year ago, the company said in a regulatory filing.

On a standalone basis, the company reported a loss of Rs 9.61 crore for Q3 FY23, while revenue from operations stood at Rs 28.44 crore, it added.

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