GMR Infra Result Second Quarter 2018

Published On: November 15th 2018 at 9:51 AM

GMR Infra

gmr infrastructure limited

  • Consolidated EBITDA for the quarter increased by 22% to INR 534 Cr from INR 437 Cr during corresponding quarter.
  •  Consolidated Losses of the quarter shows significant reduction to INR 219 Cr as compared to INR 404 Cr for the corresponding quarter.
  • Value unlocking in Airport sector – Achieved settlement with PE Investors inAirports. .
  • Completed divestment of PT BSL coal mines in Indonesia.

Business Highlights

Airport sector continues to witness high traffic growth

  • Delhi Airport – Traffic grew by 12% to 34.9 Mn for the half year ended September 18 as compared to corresponding period last year.
  • Hyderabad Airport – Traffic grew by 23% to 10.4 Mn for the half year ended
    September 18 as compared to corresponding period last year.
  • Cebu Airport – Traffic increased by 12% to 5.8 Mn for the half year ended.
    September 18 as compared to corresponding period last year

Hyderabad airport clocks a profit of Rs. 378 Cr for the half year ended September 18 as against Rs. 251 Cr for the corresponding period.

Operating Thermal Plants continues steady performance

  •  Kamalanga has clocked PLF of 76% during the half year against 61% for the
    corresponding period.
  •  Kamalanga turns profitable in Q2-FY19 with a profit of INR 5 Cr as against loss of INR 33 Cr during the corresponding quarter.
  • Warora has clocked PLF of 68% during the half year against 71% for the
    corresponding period.

Indonesia Coal Mine (PT GEMS)

  • Sales volume for the half year increased by 58% to 10.4 mn tons against 6.6 mn tons for corresponding period.
  •  Revenue increased to INR 3,167 Cr during the half year from Rs. 1,869 Cr during the corresponding period registering an increase of 69%.
  • Profit increased by 31% for the half year to INR 455 Cr from INR 349 Cr during the corresponding period.