GMR Infrastructure Limited, Q1-FY 11 Performance Highlights
Financial Highlights for Q1 2010-11 (Rs. Cr.)
Particulars Quarter ended Year ended
30th June’10 30th June’09 % change 31st March’10
Net Revenue 1,231.3 1,177.5 4.6% 4,566.5
EBITDA 377.5 321.3 17.5% 1,364.3
Interest 238.3 159.8 49.1% 722.3
Other Income 67.3 12.1 456.0% 163.4
Depreciation 164.8 137.3 20.0% 612.2
PBT 41.6 36.3 14.6% 193.1
Tax 9.8 12.3 -20.3% (32.2)
PAT before Minority 31.8 24.0 32.5% 225.3
PAT* 28.4 22.5 26.2% 158.4
Cash Profit 197.4 154.4 27.9% 734.6
Free Cash Flow** 96.7 111.3 -13.1% 387.7

*After minority interest and Share of Loss from Associate
**( Cash Profit- Loan repayment)

Performance during the first quarter of FY 2010-11 as compared to the corresponding Quarter has registered good growth in all the key parameters like Operating Income, EBITDA and PAT. GMR Energy’s 220 MW Barge Plant was not operational during the Quarter as it was being moved to its present Kakinada location. This has resulted in lower growth in net operating revenue from the Energy Sector.

Capacity costs being interest charge and depreciation / amortization have increased by Rs. 106 Crs (36%) over the corresponding Quarter and continue to constitute the major elements of costs. This has affected PAT growth adversely. Cash profit has grown by 28% and free cash flow generation continues to strengthen internal accruals.

Airports Sector registered a growth of 32% in net revenue and 34% in EBITDA. Energy Sector revenues are down by 7% due to the 220 MW Barge movement. Highways Sector revenue and EBITDA have registered 29% and 24% growth respectively.

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