BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
GMR Infrastructure Ltd.'s Q2 FY22 losses reduced 66% YoY to Rs 1.6 billion on the back of recovery in its airports business as passenger traffic rebounded at both Delhi International Airport Ltd. and GMR Hyderabad International Airport Ltd.
GMR Kamalanga Energy Ltd. operated at its all-time high passenger load factor and was helped by dividend of $60 million from PT Golden Energy Mines.
Phase-I of the Bharti Realty Ltd. lease deal was restructured due to which, GMR Infra had to reverse Rs 3.3 billion booked earlier. However, this has not impacted the ongoing capex, and the company will receive regular rentals from FY23 onwards.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
