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Lanco Infratech loss widens to Rs 575 cr in July-September

Press Trust of India  |  New Delhi 

Lanco Infratech's standalone loss swelled to Rs 575.43 crore in the quarter ended September 30, due to lower revenues.

The company's standalone loss stood at Rs 150.63 crore in the same quarter last fiscal, said in a filing today.

According to the statement, the company's total declined to Rs 21.21 crore in the quarter from Rs 489.98 crore in the corresponding period last year.

The company is currently under the moratorium period of corporate insolvency resolution process under insolvency and bankruptcy code (IBC) 2016, it said.

The firm, headquartered in Delhi, is an integrated infrastructure developers.

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

First Published: Tue, November 14 2017. 20:48 IST