Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessEarningsGammon India Q2 net loss at Rs 72 cr

    Gammon India Q2 net loss at Rs 72 cr

    It had posted a net profit of Rs 553.2 crore in the corresponding quarter of previous fiscal, Gammon India said in a BSE filing.It had posted a net profit of Rs 553.2 crore in the corresponding quarter of previous fiscal, Gammon India said in a BSE filing.

    December 13, 2016 / 14:32 IST

    Construction and engineering major Gammon India today posted a net loss of Rs 71.9 crore for the second quarter ended September 30, 2016-17.

    It had posted a net profit of Rs 553.2 crore in the corresponding quarter of previous fiscal, Gammon India said in a BSE filing.

    The net sales of the company declined to Rs 679.4 crore in the July-September quarter of 2016-17, over Rs 1,772.2 crore in the year-ago period.

    The total expenses declined to Rs 653.4 crore during the quarter under review, over Rs 1,162.9 crore in the corresponding quarter of 2015-16.

    first published: Dec 13, 2016 02:24 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347