GVK Power Q4 loss widens to Rs 408 crore
The company had posted a net loss of Rs 108.66 crore in the January-March period of 2014-15 fiscal
)
09:16 PM IST
GVK Power and Infrastructure on Saturday reported widening of consolidated net loss to Rs 407.70 crore for the March quarter.
The company had posted a net loss of Rs 108.66 crore in the January-March period of 2014-15 fiscal, GVK Power & Infrastructure said in a BSE filing.
However, Net sales increased to Rs 1,081.16 crore in the same quarter of 2015-16 fiscal as against Rs 846.30 crore in the year-ago period. Total expenses rose to Rs 969.37 crore compared with Rs 634.22 crore in the same period a year ago, it said.
"The figures of last quarter for the current year and previous year are the balancing figures between the audited figures in respect of the full financial year ended March 31, 2016, and March 31, 2015 and the unaudited published year-to-date figures up to December 31, 2015 and December 31, 2014," it added.
"The unaudited consolidated published results year-to-date figures up to the third quarter ended December 31, 2015, and December 31 2014 were not subject to limited review, however, the unaudited standalone results were subject to limited review," the company said.
In a separate filing, the company said the board has approved for the proposed enhancement of the existing overall limits for making investments/giving loans, guarantees/ providing securities subject to approval of the shareholders of the company through postal ballot.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
Rs 13 Lakh Lump Sum Investment in Mutual Funds: How many years will it take to create a Rs 1 crore, Rs 2 crore & Rs 3 crore corpus?
)
Best Multi Cap and Flexi Cap Mutual Funds with Highest SIP Returns in 3 years: Rs 25,000 monthly investment in No. 1 fund has grown to Rs 13.5 lakh in just 3 years
)
9 Stocks To Buy For Short Term: Analysts suggest buying largecap, midcap, smallcap scrips for 2 weeks; Godrej Consumer on the list
)
Pay 0 Income Tax on Rs 15.25 lakh Income: Why your Rs 15,25,000 salaried income can be tax-free in new tax regime
)
SBI vs Canara Bank 10-year FD For Senior Citizens: Compare maturity of Rs 3.5 lakh- Rs 6.5 lakh deposits in both PSU banks
09:16 PM IST