IL&FS Engineering and Construction Company Ltd’s net loss narrowed to Rs 56 cr for Q2FY20

New Delhi: IL&FS Engineering and Construction Company Ltd’s net loss narrowed to Rs 56 crore for the second quarter of the fiscal 2019-20 as compared a net profit of Rs 1,747 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated revenues from operations declined 47 percent to Rs 133 crore for the second quarter of the fiscal 2019-20 as compared to Rs 253 crore in the corresponding quarter of the previous fiscal.

The consolidated total expenses of the company fell to Rs 141 crore in second quarter of the 2019-20 fiscal as compared to Rs 368 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

 

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