Speaking to CNBC-TV18, Terdal said the company won't be immediately impacted by positive reforms but government's PPP initiatives will help stranded road and power projects. The company's joint venture with Philippines Airport will start making profits from this year and will add around Rs 110 crore in revenue.
GMR Infra is one of few infra companies which has managed to meaningfully pare down debt via its Asset Light – Asset Right Model. It has sold stake in a number of its assets and is now getting ready to monetise 25-30 acres of land around Delhi airport, says Madhu Terdal, GMR Infra, in an exclusive interview on CNBC-TV18.
Since the government has considered making changes to Land Act to boost private public partnership or PPP projects, the beleagured infrastructure sector has sprung back to life. GMR Infra , which has fallen over 11 percent YTD, is said to benefit if PPP is exempted from consent clause. The proposed changes to Land Act puts the onus of social and environmental study on to states.
Speaking to CNBC-TV18, Terdal said the company won't be immediately impacted by positive reforms but government's PPP initiatives will help stranded road and power projects. The company's joint venture with Philippines Airport will start making profits from this year and will add around Rs 110 crore in revenue.
GMR Infra stock price
On November 05, 2014, at 11:13 hrs GMR Infrastructure was quoting at Rs 22.80, up Rs 0.20, or 0.88 percent. The 52-week high of the share was Rs 38.30 and the 52-week low was Rs 17.20.
The company's trailing 12-month (TTM) EPS was at Rs 0.21 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 108.57. The latest book value of the company is Rs 16.76 per share. At current value, the price-to-book value of the company is 1.36.
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