GVKPIL registered a consolidated total income from operations of Rs. 1,015.96 Crore for the quarter ended Dec 31, 2015, as against Rs. 791.92 Crore during the corresponding quarter of the previous year recording an increase of 28.3%. EBIDTA at a consolidated level for the year stood at Rs.
398.85 Crore as against Rs. 272.13 Crore in the previous year recording an increase of 46.57%. EBIDTA margin at consolidated level improved to 39.26% as compared to 34.36% in previous year. Net loss at consolidated level for the quarter ended Dec 31, 2015 is Rs. 279.06 Crore as against Rs.
209.12 Crore in the corresponding quarter of the previous year. The losses for the quarter are attributable mainly to lower generation of power at Alaknanda Hydro power plant, due to reduced water flow, non-fixation of tariff of Alaknanda plant; restricted supply of gas for Jegurupadu Phase I, Jegurupadu Phase II, nil supply to Gautami Power Plant and higher interest cost on acquisition loans.
694.66 Crore for the quarter ended Dec 31, 2015 as against that of Rs.
601.86 Crore for the same period in the previous year registering an increase of 15.4%. Net loss for the quarter ended Dec 31, 2015 is Rs. 15.92 Crore as against net loss of Rs. 34.91 Crore in the corresponding quarter of the previous year.
289.68 Crore for the quarter ended Dec 31, 2015 as against Rs. 242.72 Crore for the previous year registering an increase of 19.3%. EBIDTA margin improved to 71.6% as compared to 67.5% in the previous year. Net adjusted profit for the quarter ended Dec 31, 2015 is Rs. 114.92 Crore as against Rs. 10.01 Crore for the previous year.
PT GVK Services - PT GVK Services, BALI has recorded revenue of Rs.25.78 Crore for the quarter ended Dec 31, 2015 as against Rs. 33.34 Crore for the previous year.
Deoli-Kota Expressway, 332.16 lane km project, commenced partial commercial operations on 25th Aug, 2015. It recorded revenue of Rs. 11.15 Crore in the quarter ended Dec 31, 2015. Net loss for the quarter ended Dec 31, 2015 is Rs.23.77 Crore
GVK is a leading Indian conglomerate with presence across energy, resources, airports, transportation, hospitality and life sciences sectors. GVK set up India's first independent power plant and has over 2600 MW projects under generation and development. It is the first company in India to develop a six-lane road project under PPP model and has around 1500 lane km expressway projects under operations and development. As one of India's largest private sector airport operators, GVK handles over 50 mppa through India's first brownfield airport under PPP model - Chhatrapati Shivaji International Airport, Mumbai and Kempegowda International Airport, Bengaluru and is developing two airports in Indonesia. Having already
invested over USD 4.3 billion, GVK has projects worth over another USD 6.6 billion in the pipeline, in India. It has acquired Australian Coal Mines in Queensland with 8 bt reserves for USD 1.26 billion and envisages an investment of USD 10 billion for setting up mines, 500 km rail project and a
60 mtpa port project which will form one of the world's largest integrated coal mining operations.
Ram Mankekar Group Head and VP Corporate Communications, GVK (M) +91 9967631946 ram.mankekar@gvk.com | A Issac George Director & Chief Financial Officer -GVKPIL Tel : +91- 27902663/64 |
Jagriti Motwani Ogilvy Public Relation (M) +91 9910144661 jagriti.motwani@ogilvy.com |
GVK Power and Infrastructure Ltd. issued this content on 12 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 February 2016 08:28:10 UTC
Original Document: http://www.gvk.com/files/pressreleases/GVK_Power__Infrastructure_Limited_announces_Conso_63fd803f29fb433e9b340b0776978a98.pdf