IVRCL Q2 net loss widens to Rs 354 cr

Infrastructure company IVRCL Ltd today reported widening of its net loss to Rs 354.47 crore during the second quarter ended September 30, mainly due to lower income from operations.
The Hyderabad-based construction company had posted a net loss of Rs 306.54 crore in the year-ago period.
Its total income from operations fell by 21.77 per cent during the quarter under review to Rs 501.45 crore from Rs 641 crore in the corresponding period of the previous fiscal.
The shares of the company were trading 1.46 per cent down at Rs 4.74 apiece on BSE.