You are here: Home » Companies » Results
Business Standard

IVRCL Q3 loss narrows 18% to Rs 249 crore

Total income declined 11% to Rs 398 cr; accumulated losses for 9 months to Dec at Rs 2,768 cr

BS Reporter  |  Hyderabad 

IVRCL allots 24.27 million shares to lenders

Hyderabad-based construction company IVRCL, which is under (SDR), has reported a 18.5 per cent decline in a net loss at Rs 249.27 as compared to a net loss of Rs 307.16 crore in the corresponding quarter previous year.

Total income from operations during the quarter under review declined 11.21 per cent at Rs 397.88 crore from Rs 448.13 crore in the corresponding previous quarter.



Total expenses fell 19 per cent to Rs 479.88 crore from Rs 590.18 crore in the year ago period.

For the nine-month period ending December 2016, the company's net losses decreased to Rs 755.59 core as compared to Rs 802.33 crore in the year ago period.

The accumulated losses stood at Rs 2,768.10 crore for the 9-month period.

 

RECOMMENDED FOR YOU

IVRCL Q3 loss narrows 18% to Rs 249 crore

Total income declined 11% to Rs 398 cr; accumulated losses for 9 months to Dec at Rs 2,768 cr

Total income declined 11% to Rs 398 cr; accumulated losses for 9 months to Dec at Rs 2,768 cr Hyderabad-based construction company IVRCL, which is under (SDR), has reported a 18.5 per cent decline in a net loss at Rs 249.27 as compared to a net loss of Rs 307.16 crore in the corresponding quarter previous year.

Total income from operations during the quarter under review declined 11.21 per cent at Rs 397.88 crore from Rs 448.13 crore in the corresponding previous quarter.

Total expenses fell 19 per cent to Rs 479.88 crore from Rs 590.18 crore in the year ago period.

For the nine-month period ending December 2016, the company's net losses decreased to Rs 755.59 core as compared to Rs 802.33 crore in the year ago period.

The accumulated losses stood at Rs 2,768.10 crore for the 9-month period.

 

image
Business Standard
177 22

IVRCL Q3 loss narrows 18% to Rs 249 crore

Total income declined 11% to Rs 398 cr; accumulated losses for 9 months to Dec at Rs 2,768 cr

Hyderabad-based construction company IVRCL, which is under (SDR), has reported a 18.5 per cent decline in a net loss at Rs 249.27 as compared to a net loss of Rs 307.16 crore in the corresponding quarter previous year.

Total income from operations during the quarter under review declined 11.21 per cent at Rs 397.88 crore from Rs 448.13 crore in the corresponding previous quarter.

Total expenses fell 19 per cent to Rs 479.88 crore from Rs 590.18 crore in the year ago period.

For the nine-month period ending December 2016, the company's net losses decreased to Rs 755.59 core as compared to Rs 802.33 crore in the year ago period.

The accumulated losses stood at Rs 2,768.10 crore for the 9-month period.

 

image
Business Standard
177 22