IL&FS Transport Networks Q1 fell by 98% to Rs 2.90 crore

Net dipped due to higher expenses and finance cost

Road construction firm IL&FS Transportation Networks' consolidated net dipped 98% to Rs 2.90 crore for the quarter ended June 30 compared to Rs 137.7 crore in the corresponding quarter previous year.

The fall in net profit was due to higher expenses and finance cost. The total income rose to Rs 1737.7 crore from Rs 1,648 crore.

Shares of IL&FS Transportation Networks closed at Rs 141.3, down 3.3%, or Rs 4.85 on the BSE.