IL&FS Engineering Q3 Net Loss at Rs 79 Crore

IL&FS Engineering Q3 Net Loss at Rs 79 Crore

New Delhi: IL&FS Engineering and Construction company on Saturday reported a net loss of Rs 78.57 crore for the quarter ended December 31, on account of dip in income.

The company had clocked a net profit of Rs 76.52 crore for the October-December period last fiscal.

Total income from operations during the quarter under review declined to Rs 437.42 crore as against Rs 679.63 crore during the same quarter of the previous fiscal.

Total expenses declined to Rs 453.18 crore in the quarter over Rs 585.95 crore in the year-ago quarter.

IL&FS Engineering and Construction Company is one of the leading infrastructure development, construction and project management companies.

The company executes projects under various domains such as buildings & structures, roads, railways, irrigation, power, ports, and oil & gas.
[“source-ndtv”]