ALSO READGriffin Coal Mine no longer a subsidiary of Lanco: Official Lanco Infratech reports standalone net loss of Rs 426.22 crore in the December 2017 quarter Lanco Infratech loss widens to Rs 575 cr in July-September Lanco Infratech to conduct board meeting Lanco Infratech reports standalone net loss of Rs 575.43 crore in the September 2017 quarter
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. "Gross revenues declined by 93 per cent Rs 178 mn in Q3 FY18 from Rs 2,386 mn Q3 in FY17," it said.
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