Construction & Engineering company GMR Airports Infrastructure announced Q4FY23 & FY23 results: Gross Revenues: FY23: up 45% YoY to Rs 66.9 billion Q4FY23: up 7% QoQ; up 48% YoY to Rs 18.9 billion EBITDA: FY23: down 18% YoY to Rs 17.2 billion Q4FY23: down 51% QoQ; down 52% YoY to Rs 2.6 billion YoY impacted due to the commencement of revenue share payment to AAI in DIAL from April 2022 QoQ impacted by a loss on settlement of derivatives instruments and write-offs in GHIAL Net profit after tax: FY23: Loss of Rs 8.4 billion vs. loss of Rs 7.5 billion in FY22 Q4FY23: Loss of Rs 6.4 billion vs profit of Rs 1 billion in Q3FY23 and loss of Rs 1.3 billion in Q4FY22 Net Debt declined by Rs 21 billion QoQ Result PDF