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GVK Power Q2 net loss widens to Rs 77 crore

11 November, 2017 10:20 AM
32 0
GVK Power Q2 net loss widens to Rs 77 crore

GVK Power and Infrastructure on Saturday reported a net loss of Rs 76.94 crore for the quarter ended September 30, 2017.

The company had posted a net loss of Rs 13.41 crore in the corresponding period a year ago, GVK Power and Infrastructure said in a regulatory filing to stock exchanges.

Total revenue during the quarter rose to Rs 20.16 crore as compared to Rs 18.55 crore, it said.

In a separate filing, GVK Power and Infrastructure said its board has accepted the resignation of GVK Reddy as managing director of the company.

He, however, will continue on the board as a non- executive chairman, it said.

Also read: United Bank sinks into red with ₹344 cr. loss

Source: moneycontrol.com

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