Q4 net loss of GVK Power and Infrastructure widens to Rs 235.46 crore
GVK Power and Infrastructure (GVKPIL) recently reported its fourth quarter earnings, revealing that the company had suffered a net loss of Rs 235.46 crore during the quarter.
The figures reported by GVK imply that the company’s fourth-quarter net loss has widened year-on-year. In comparison to net loss figures for the reporting quarter, GVK had posted Rs 171 crore net loss during the same quarter last year.
Moreover, so far as GVK net loss figures for the full year are concerned, the company revealed in the latest financial report that its consolidated net loss this year was Rs 368.67 crore, as compared to a consolidated net loss of Rs 335.97 crore last year.
The key reason which led to GVK’s net loss was the low plant-load factor at its gas-based power stations which suffered a blow because of insufficient fuel supply as well as higher rates of interest.
Meanwhile, reporting the consolidated total income from operations for the year, GVK said that the figures stood at Rs 2,820.93 crore, which marked an 8.18 percent increase over Rs 2,607.65 crore which the company had reported for the corresponding period of the previous year.
Moreover, GVK also revealed that Ebidta at a consolidated level for the year touched Rs 1,005.96 crore, underscoring an increase of 47.23 percent over the last year figures of Rs 683.25 crore. Ebidta margin at consolidated level also witnessed an improvement to 36 percent, as compared to 26 percent in previous year.
Source: The Financial Express
