IL&FS Transportation reports Rs 17,000 cr loss in FY20 amid lockdown

During the last fiscal, the company saw a sharp decline in its standalone total income to Rs 786.24 crore, as against Rs 4,709.48 crore in the year-ago fiscal.

IL&FS Transportation Networks, a group company of the troubled IL&FS Group, on Friday reported a standalone loss of Rs 17,000.32 crore for fiscal year 2019-20, amid Covid-19 disruptions.

The company had clocked a standalone profit of Rs 251.76 crore during the fiscal 2018-19, it said in a regulatory filing.

However, the company did not provide figures for the fourth quarter of the fiscal 2019-20 and the consolidated figures for the quarter and year ended March 31, 2020.

During the last fiscal, the company saw a sharp decline