GMR Power & Urban Infra Ltd. saw its shares drop 4% following the company’s quarterly results for December 2024. As of 9:42 AM, the shares were trading 4.68% lower at Rs 103.60.
The company reported a significant decline in net profit, which fell to Rs 106.45 crore, compared to Rs 45.38 crore in the same period last year.
Despite the profit dip, GMR Power’s sales surged by an impressive 46.13% year-on-year, reaching Rs 1611.51 crore, up from Rs 1102.79 crore in the previous year. This sharp increase in revenue highlights the company’s ability to drive growth even amid challenges.
GMR Power & Urban Infra shares opened at ₹105.00, reaching a high of ₹106.45 and a low of ₹103.25 during the trading session. The stock has a 52-week high of ₹169.25 and a 52-week low of ₹38.60, reflecting significant volatility in its price over the past year.
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