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In this fiscal, GMR Infrastructure is hopeful of registering decent growth in its airport vertical. The company which operates in three business segments including power, roads and airport incurred a loss of Rs 179 crore in the September quarter, up around four fold, YoY due to poor show from its power and airport segments.
Sidharath Kapur, Chief Financial Office-airports at GMR said that the company is likely to see a revival in passenger traffic with new routes being started from the Delhi airport which will help bottom out de-growth.
Delhi International Airport (DIAL), which the company runs has incurred a net loss of Rs 41.16 crore during the second quarter and has accumulated losses of Rs 1,625.19, resulting in substantial erosion of net worth at the quarter end.