GMR Infrastructure EBITDA up 40% in 4QFY2011

India's GMR Infrastructure revenue up 74% - financial highlights:

• Three months ended 31-Mar-2011:
  • Revenue: USD437.9 million, +74% year-on-year;
    • Airports: USD194.4 million, +109%;
  • EBTDA: USD98.4 million, +40%;
    • Airports: USD46.0 million, +36%;
  • Profit (loss) after tax before minority: (USD238.6 million), compared with a profit of USD24.8 million in p-c-p;
• 12 months ended 31-Mar-2011:
  • Revenue: USD1289 million, +26% year-on-year;
    • Airports: USD534.6 million, +65%;
  • EBITDA: USD347.2 million, +14%;
    • Airports: USD146.4 million, +24%;
  • Profit (loss) after tax before minority: (USD233.6 million), compared with a profit of USD50.3 million in p-c-p;
  • Passenger numbers:
    • Delhi Airport: 29.9 million, +14%;
    • Hyderabad Airport: 7.6 million, +17.6%;
    • Istanbul Airport: 11.6 million, +75%. [more]

* Based on the conversion rate USD1 = INR44.8

GMR: "The progress of implementation of all the projects across all the sectors is on schedule. The operations of all the assets continue to be encouraging. Though the divestment of Intergen has resulted in a one time and non-recurring loss of INR939 crores, it has released an equity capital of INR958 crores and would enable us to reinforce our focus and resources on more profitable Indian Assets. We would continue to emerge stronger," GM Rao, Chairman. Source: GMR, 01-Jun-2011.