GMR Infrastructure Ltd's Q2FY19 consolidated net loss narrows to Rs334cr yoy : In-line with Estimates

The company’s consolidated revenue stood at Rs1,469cr, up 0.34% yoy.

Nov 15, 2018 08:11 IST India Infoline Research Team

GMR Infrastructure Ltd Q2FY19

Consolidated Results Q2FY19: (Rs. in cr)

Q2FY19 YoY (%)
Revenue 1,469 0.3
EBITDA 534 22.2
EBITDA Margin (%) 36.4 650
Net Loss  334 --
***EBITDA margin change is bps

GMR Infrastructure Ltd reported Q2FY19 results in-line with the estimates. Revenue grew by 0.3% yoy to Rs1,469cr against Rs1,464cr in Q2FY18. EBITDA for the quarter grew by 22.2% yoy to Rs534cr against Rs437cr. EBITDA margin grew by 650bps yoy to 36.4%. Net loss from continuing operations for the quarter stood at Rs334cr against loss of Rs377cr in corresponding quarter last year, in-line with the estimated loss of Rs328cr.

• Delhi Airport traffic grew by 12% to 3.49cr for the half year ended September 2018 as compared to corresponding period last year.
• Hyderabad Airport traffic grew by 23% to 1.04cr for the half year ended September 2018 as compared to corresponding period last year.
• Cebu Airport traffic increased by 12% to 0.58cr for the half year ended September 2018 as compared to corresponding period last year.
• Kamalanga has clocked PLF of 76% during H1FY19 against 61% for the corresponding period.
• Kamalanga turns profitable in Q2FY19 with a profit of Rs5cr against loss of Rs33cr during the corresponding quarter.






Technical View:

GMR Infrastructure Ltd is currently trading at Rs. 16.10, down by 0.1 points or 0.62% from its previous closing of Rs. 16.20 on the BSE.
The scrip opened at Rs. 16.10 and has touched a high and low of Rs. 16.20 and Rs. 15.80 respectively. So far 98,06,082 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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