Feb 14, 2017 10:10 PM IST | Source: PTI

IVRCL Q3 net loss shrinks to Rs 249 crore

Infrastructure major IVRCL today reported narrowing of its net loss to Rs 249.27 crore for the third quarter ended December 2016.

IVRCL Q3 net loss shrinks to Rs 249 crore

Infrastructure major IVRCL today reported narrowing of its net loss to Rs 249.27 crore for the third quarter ended December 2016.

The company had registered a net loss of Rs 345.47 crore in the same period a year ago.

Net income from operations during the quarter also declined to Rs 397.88 crore as against Rs 501.46 crore in the year-ago period.

Total expenditure fell to Rs 479.88 crore during October-December 2016 as against Rs 700.49 crore in the previous fiscal.

The stock of IVRCL closed at Rs 5.50, down 1.96 percent, on BSE.

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