GVK Power shares increase by 7% after a fall in Q3
To begin with, on Fed 14, the shares of GVK Power & Infrastructure witnessed a sudden hike of 7% on the Bombay Stock Exchange. So then, the company has posted a fall in the net loss for the Dec quarter of FY20.
Besides, the had posted a consolidated net loss of Rs 120.1 crores for the Dec quarter of the financial year 2020. So then, this stood against a loss of Rs 122.6 crores in the corresponding quarter of the previous financial year. Also, the consolidated revenue from its operations came about Rs 1,129 crores for third-quarter FY20. So then, this stood against Rs 1,029 crores in Q3 FY19. Hence, this stood about a 9.72% year-on-year rise.
However, its consolidated EBITDA increased by 8.5% year-on-year to Rs 469.5 crores. While EBITDA margin came at 41.6% against 42.1% year-on-year.
Besides, the shares of the company traded at 5.21% up at Rs 4.24 on the Bombay Stock Exchange.
Meanwhile, S&P BSE Midcap lost 133.97 points reached 15,653.76 level with 0.085% down. Whereas, S&P BSE SmallCap lost 52.50 points reached 14,688.72 level with 0.036% down.
Besides, the Sensex and Nifty trading with a bearish trend today, on Feb 14th. The Sensex trading with a loss of 223.84 points reached 41,233.82 with 0.54% down. Whereas Nifty trading with a loss of 67.70 points reached 12,105.80 with 0.57% down.
Suzlon Energy reported Q3 Results, the consolidated net loss to Rs 742.91 crore. IRCTC reported Rs 734.98 crores for the quarter ended Dec 2019. Also, Torrent Power reported Q3 results, the consolidated profit by 76% to Rs 420 crore.