Global Vectra Helicorp reports losses in unaudited financial results

Global Vectra Helicorp Limited (BSE: GLOBALVECT) announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported total income from operations of ₹14445.28 lakhs for the quarter ended December 2024, compared to ₹13215.40 lakhs for the same period last year. However, the net profit for the period before tax (after exceptional and prior period items) was a loss of ₹378.94 lakhs, compared to a profit of ₹520.64 lakhs last year. Net loss for the period was ₹299.79 lakhs compared to a profit of ₹337.96 lakhs year on year. Basic and diluted earnings per share both came out to -₹2.14. The company is focused on helicopter services in India, which is considered a single reportable segment.