Quarterly Results: GMR Infrastructure Ltd

Technical View: 

GMR Infrastructure Ltd is currently trading at Rs 11.96, up by 0.2 points or 1.7 per cent from its previous close of Rs 11.76 on the BSE.
The scrip opened at Rs 12 and has touched a high and low of Rs 12 and Rs 11.58, respectively. A total of 2484198 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

Standalone Results Q2FY17:

GMR Infrastructure Ltd reported its Q2FY17 results early morning before market hours.
The company reported a revenue growth of 17.8 per cent YoY at Rs 331 crore with both EPC segment revenue and other revenues showing strong growth. EPC segment revenue was Rs 25 crore during Q2FY16, growing to Rs 62 crore during the recently completed quarter.
The company's EBITDA for the quarter was Rs 253 crore, a modest 5.9 per cent YoY improvement. Its EBITDA margins contracted 862 bps YoY to 76.4 per cent due to a 85.7 per cent YoY increase in operating expenses.
At the bottomline level, GMR reported a worsening of performance as compared to the second quarter last year. Its net loss for the period was Rs 700 crore as against a net loss of Rs 7 crore during Q2FY16. This was primarily due to an exceptional loss amounting to Rs 753 crore incurred during the current quarter.