Ramky Infra Q2 net loss down to Rs 85 crore

Hyderabad-based Ramky Infrastructure Limited has reported a net loss of Rs 85.67 crore for the quarter ended September 2015, substantially lower compared with a net loss of Rs 142.35 crore it had incurred in the corresponding quarter previous year.

The company's total income grew 43.66% at Rs 318.41 crore for the quarter under review as compared with Rs 221.64 crore in the corresponding previous quarter. The company was able to contain the expenditure at Rs 381.38 crore, just 1% increase over Rs 377.74 crore in the year ago period.

Total accumulated losses for the company stood at Rs 425.54 crore as at the end of September 2015, as compared to Rs 276.71 crore as at the end of March, 2015. It had debt obligations amounting to Rs 1,799.63 crore.