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Lanco posts Q2 net loss of Rs 258.31 cr

Lanco Infratech today reported a consolidated net loss of Rs 258.31 crore for the quarter ended September 30, 2016.

December 09, 2016 / 22:13 IST
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Lanco Infratech today reported a consolidated net loss of Rs 258.31 crore for the quarter ended September 30, 2016.

The company had clocked a net profit of Rs 117.05 crore in the year-ago period, it said in a BSE filing.

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Total consolidated income of the firm fell by 25 per cent to Rs 2,016.82 crore in the July-September quarter this fiscal from Rs 2,701.93 crore during the same quarter in 2015-16.

The company's total expenses were higher at Rs 1,776.28 crore from Rs 1,687.03 crore earlier.