GVK Power and Infrastructure : & Infrastructure Limited announces Consolidated Financial Results – Q1, 2015 – 16

Microsoft Word - GVK Results Q1, 2015-2016 GVK Power & Infrastructure Limited announces Consolidated Financial Results - Q1, 2015 - 16 New Delhi, August 13, 2015: GVK Power & Infrastructure Limited (GVKPIL) today announced its unaudited consolidated Financial Results for the quarter ended June 30, 2015 after its financial results were taken on record by the Board of Directors at its meeting held today. Financial Highlights:

GVKPIL registered a consolidated total income from operations of Rs. 999.03 Crore for the quarter ended June 30, 2015, as against Rs. 712.67 Crore during the corresponding quarter of the previous year recording an increase of 40%. EBIDTA at a consolidated level for the year stood at Rs. 400.51 Crore as against Rs.
254.45 Crore in the previous year recording an increase of 57.40%. EBIDTA margin at consolidated level improved to 40% as compared to 36% in previous year. Net loss at consolidated level for the quarter ended June 30, 2015 is Rs. 123.92 Crore as against Rs. 281.34 Crore in the corresponding quarter of the previous year. The losses for the quarter are attributable mainly to the restricted supply of gas for Jegurupadu Phase I and Gautami Power Plant and nil supply to Jegurupadu Phase II Power Plant as a result of which the plants did not operate at full capacity and higher interest cost on acquisition loans.

Operational Highlights Airports MIAL-Mumbai International Airport Private Limited recorded revenue of Rs. 662.94 Crore for the quarter ended June 30, 2015 as against that of Rs. 561.06 Crore for the same period in previous year registering an increase of 18.16%. Net loss for the quarter ended June 30, 2015 is Rs. 16.33 Crore as against net loss of Rs. 244.54 Crore in the corresponding quarter of the previous year. BIAL - Bangalore International Airport Limited recorded a revenue of Rs. 264.27 Crore for the quarter ended June 30, 2015 as against Rs 182.80 Crore for the previous year registering an increase of

44.57%. EBIDTA margin improved to 70% as compared to 58% in previous year. Net adjusted profit for the quarter ended June 30, 2015 is Rs. 88.18 Crore as against net loss of Rs. 30.05 Crore for the previous year.

PT GVK Services - PT GVK Services, BALI has recorded revenue of Rs. 11.78 Crore for the quarter ended June 30, 2015 as against Rs. 6.92 Crore for the previous year registering an increase of 70.23%. Net profit for the quarter ended June 30, 2015 is Rs. 4.14 Crore as against Rs. 0.97 Crore in the corresponding quarter of the previous year. Transportation - GVK Jaipur Expressway Private Limited recorded revenue of Rs. 81.38 Crore for the quarter ended June 30, 2015 as against Rs. 70.54 Crore for the previous year registering an increase of

15.37%. Net profit for the quarter ended June 30, 2015 is Rs. 27.38 Crore as against Rs.18.96 Crore in the previous year. Traffic increased by 8.26% over the same period in the previous year.

Energy: The three gas based projects i.e. 464 MW GVK Gautami Power Limited and 235 MW Phase I &

220 MW Phase II projects of GVK Industries Limited and one Hydel power project i.e. 330 MW Alaknanda
Hydro Power Company Limited have recorded revenue of Rs.242.93 Crore for the quarter ended June 30,
2015 as against Rs. 74.16 Crore for the previous year. This improvement is mainly due to commencement of commercial operation of Alaknanda Hydro Power Company Limited during the quarter, limited operation of one unit of Gautami Power in the month of April'15 on RLNG and improved gas supply to Jegurupadu Phase-1 plant of GVK Industries Limited. Net loss for the for the quarter ended June 30, 2015 is Rs. 55.88
Crore as against Rs.48.20 Crore in the previous year. One Gas based plant with a capacity of 220 MW was not in operation due to stoppage of gas supply from KG basin.

About GVK

GVK is a leading Indian conglomerate with presence across energy, resources, airports, transportation, hospitality and life sciences sectors. GVK set up India's first independent power plant and has around 6000
MW projects under generation and development. It is the first company in India to develop six-lane road project under PPP model and has around 3000 lane km expressway projects under operations and development. As one of India's largest private sector airport operators, GVK handles over 45 mppa through India's first brownfield airport under PPP model - Chhatrapati Shivaji International Airport, Mumbai and Kempegowda International Airport, Bengaluru and is developing two airports in Indonesia. Having already invested over USD 4.3 billion, GVK has projects worth over another USD 6.6 billion in the pipeline, in India. It has acquired Australian Coal Mines in Queensland with 8 bt reserves for USD 1.26 billion and envisages an investment of USD 10 billion for setting up mines, 500 km rail project and 60 mtpa port project which will form one of the world's largest integrated coal mining operations.

For further information please contact:

Ram Mankekar Group Head and VP Corporate Communications, GVK (M) [phone] [e-mail]	A Issac George Director & Chief Financial Officer -GVKPIL Tel : [phone]
Krityanand Kundan Ogilvy Public Relation (M) [phone] [e-mail]