GMR Infrastructure, the infrastructure holding company of GMR group said its net loss for the quarter ended December 2015 has narrowed to Rs 3.79 billion from Rs 6.38 billion in the same quarter previous year. The company's cash profit for the quarter improved by Rs 4.53 billion to Rs 2.48 billion from loss of Rs 2.05 billion during Q3FY15.

The company said, ''Resolution of regulatory bottlenecks, better operating margins from power plants and robust traffic growth in airports have contributed to reduction in losses by Rs 3.24 billion (by 48%) for the quarter over corresponding periods.''

However, the company's revenues for the quarter rose 29.08% to Rs 35.64 billion, compared with Rs 27.61 billion for the prior year period.

Operating margin for the quarter stood at 38.16 percent as compared to 24.30 percent for the previous year period. Operating income for the quarter was Rs 13,60 billion, compared with Rs 6.71 billion in the previous year period.

'EBITDA in energy and airport sectors have increased by more than 7 times and 45% to Rs 5.80 billion and Rs 6.48 billion respectively,' the company noted.

The interest for the quarter has increased by Rs 2.02 billion over Q3FY15 to Rs 11.29 billion primarily on account of interest charges due operationalization of Chhattisgarh and Rajahmundry power plants. Further, a one-time interest charge of Rs 640 million incurred in DIAL on development fund loan.

Earnings per share stood negative at Rs 0.63 compared with negative Rs 1.46 in the same quarter last year.

Shares of the company gained Rs 0.27, or 2.25%, to trade at Rs 12.28. The total volume of shares traded was 5,30,493 at the BSE (11.44 a.m., Thursday).