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Jaypee Infratech Q3 net loss narrows to Rs 326 cr

Press Trust of India  |  New Delhi 

Debt ridden Monday said its net loss narrowed to Rs 326.64 crore in the third quarter ended December 31.

The company, which is undergoing Corporate Insolvency Resolution Process, had reported a net loss of Rs 361.28 crore in the October-December quarter of the previous fiscal.

Last year, the (NCLT) had admitted the application by an IDBI Bank-led consortium, seeking resolution for under the Insolvency and Bankruptcy Code.

During the period under review, its total income rose sharply to Rs 338.85 crore, as against Rs 59.91 crore in the corresponding quarter last fiscal.

Its total expenses also increased to Rs 665.49 crore from Rs 421.19 crore in the year-ago period.

"The standalone results of the Company comprise of only one segment i e Project, an integrated project which inter-alia includes construction, operation and maintenance of and rights for land development of 25 million sq mtrs along the expressway," said in a regulatory filing.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 11 2019. 21:05 IST