IVRCL Q2 net loss at Rs 354.47 cr

Hyderabad-based infra company IVRCL has reported a net loss of Rs 354.47 crore during the quarter ended September this year as against Rs 306.54 crore in the same quarter last year.

The overall income from operations has declined 22% to Rs 501.45 crore from Rs 641 crore during the review period. IVRCL has accumulated losses of Rs 2,517.56 crore as on September 30, 2016, and networth of the company has eroded.