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    HomeNewsBusinessEarningsLanco Infratech posts Q3 net loss at Rs 426 crore

    Lanco Infratech posts Q3 net loss at Rs 426 crore

    It had posted Rs 388.6 crore loss during the same quarter a year ago.

    PTI
    February 15, 2018 / 20:54 IST
    We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

    Engineering, procurement and construction firm Lanco Infratech reported widening of net loss for the December quarter to Rs 426.1 crore.

    It had posted Rs 388.6 crore loss during the same quarter a year ago.

    The company has "reported loss of Rs 4,261 million in Q3 FY18 vs loss of Rs 3,886 million in Q3 FY17," Lanco Infratech said in a BSE filing.

    During the quarter under review, the firm also saw its gross revenues fall drastically to 17.8 crore from 238.6 crore in the year-ago quarter.

    PTI
    first published: Feb 15, 2018 08:46 pm

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