IVRCL Q3 net loss shrinks to Rs 249 crore

The company had registered a net loss of Rs 345.47 crore in the same period a year ago

IVRCL allots 24.27 million shares to lenders

Last Updated : Feb 14 2017 | 10:24 PM IST

Infrastructure major IVRCL on Tuesday reported narrowing of its net loss to Rs 249.27 crore for the third quarter ended December 2016.

The company had registered a net loss of Rs 345.47 crore in the same period a year ago.

Net income from operations during the quarter also declined to Rs 397.88 crore as against Rs 501.46 crore in the year-ago period.

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Total expenditure fell to Rs 479.88 crore during October-December 2016 as against Rs 700.49 crore in the previous financial year.

The stock of IVRCL closed at Rs 5.50, down 1.96 per cent, on BSE.

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