The company had reported a net profit of R 28.44 million rupees in the corresponding period last year.
The company's net sales during the quarter under review increased by 51.34 percent to Rs 1863.57 crore, GMR Infra, said in a statement to the Bombay Stock Exchange.
In a statement, the company said it suffered a loss of Rs 192 crore Delhi Airport, which is operated by one of its subsidiaries, as costs have risen significantly, while the rate of the airport has not been reviewed.
He added that the revision of tariffs in Delhi airport is under active consideration to the airport Economic Regulatory Authority (AERA).
"It should be noted that the increased cost of operations of the Delhi International Airport Ltd (DIAL) after the launch of Terminal-3 is accounted for, without revision proportional rates.
"Profit after tax (PAT) DIAL loss has negatively impacted on the consolidated results, resulting in such loss of Rs 67 crore PAT in the quarter after minority interest," the statement said.
During the quarter, interest payments the company also increased by more than 38 per cent to Rs 372.42 crore, while the tax expense was Rs 65 crore.
"The 38 percent increase in interest costs and 67 percent increase in depreciation is also due primarily to the capitalization of Terminal 3 at Delhi airport. Tax debt of 65 billion rupees R refers to the for-profit subsidiaries, "the statement added.
However, traffic on the Delhi airport increased by 23 percent during the quarter, further, he said, adding that all airports operated by the company has experienced significant traffic growth in April-June quarter.
Commenting on the results, the GMR Group Chairman GM Rao said: "The first quarter began with a strong note. Our assets airport traffic grew strong and our energy assets load factor resulted from the healthy plant."
He said the company poured $ 131 million (Rs 591 crore over) to consolidate its capital base Holiding Airports Company, making a total investment of private capital from U.S. $ 331 million (Rs 1495 crore over) during the quarter.
The company had total debt of about Rs 17,000 crore as on June 30, 2011, the Group CFO GMR Infra Subba Rao said.